XP Power Ltd. (LON:XPP) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 2,800 ($37.65) and last traded at GBX 2,776 ($37.33), with a volume of 7,318 shares trading hands. The stock had previously closed at GBX 2,745 ($36.92).

Separately, Peel Hunt boosted their target price on XP Power from GBX 2,520 ($33.89) to GBX 2,680 ($36.04) and gave the company a “buy” rating in a research report on Monday, July 31st.

The stock’s 50 day moving average price is GBX 2,650.89 and its 200 day moving average price is GBX 2,480.51. The stock’s market capitalization is GBX 528.88 million.

The company also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be issued a dividend of GBX 16 ($0.22) per share. The ex-dividend date is Thursday, September 14th. This represents a dividend yield of 0.6%. This is an increase from XP Power’s previous dividend of $15.00.

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About XP Power

XP Power Limited is a United Kingdom-based developer and manufacturer of critical power control components for the electronics industry. The Company provides power solutions, including alternating current (AC)-direct current (DC) power supplies and DC-DC converters. The Company’s segment include Europe, North America and Asia geographical.

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