XP Power Limited (LON:XPP) Insider Acquires £36,487.75 in Stock

XP Power Limited (LON:XPP – Get Rating) insider Jamie Pike acquired 1,417 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of GBX 2,575 ($31.55) per share, with a total value of £36,487.75 ($44,709.90).

XP Power Price Performance

XPP stock opened at GBX 2,180 ($26.71) on Friday. The company has a debt-to-equity ratio of 110.45, a current ratio of 1.79 and a quick ratio of 0.69. The business has a 50 day simple moving average of GBX 2,907.61 and a 200-day simple moving average of GBX 3,505.67. The firm has a market capitalization of £430.22 million and a PE ratio of 1,912.28. XP Power Limited has a 1 year low of GBX 2,130 ($26.10) and a 1 year high of GBX 5,740 ($70.33).

XP Power Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 8th will be issued a GBX 19 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, September 8th. This is a boost from XP Power’s previous dividend of $18.00. This represents a yield of 0.63%. XP Power’s dividend payout ratio is currently 8,245.61%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price objective on XP Power from GBX 5,600 ($68.62) to GBX 4,020 ($49.26) and set a “buy” rating for the company in a research note on Monday, May 9th.

XP Power Company Profile

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XP Power Limited, an investment holding company, designs and manufactures power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage DC-DC converters, high voltage AC-DC power supplies, RF power systems, EMI filters, custom power supplies, and 3 phase power sources.