XP Power (LON:XPP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,005.26 and traded as high as GBX 1,406.56. XP Power shares last traded at GBX 1,386, with a volume of 13,748 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,500 price objective on shares of XP Power in a report on Monday, January 19th. Shore Capital Group restated a “buy” rating and set a GBX 2,048 target price on shares of XP Power in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,512.67.

XP Power Stock Performance

The firm has a fifty day moving average of GBX 1,133.48 and a 200-day moving average of GBX 1,008.36. The stock has a market capitalization of £388.52 million, a price-to-earnings ratio of -24.49, a PEG ratio of 0.44 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 1.87 and a debt-to-equity ratio of 110.81.

Insider Activity

In other news, insider Gavin Griggs sold 3,002 shares of XP Power stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 904, for a total transaction of £27,138.08. 5.12% of the stock is owned by company insiders.

XP Power Company Profile

XP Power Limited, an investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, high voltage DC-DC converters, RF power systems, EMI filters, custom power supplies, and 3 phase power supplies. It also provides engineering services. The company serves healthcare, industrial technology, and semiconductor equipment manufacturing industries. XP Power Limited was founded in 1988 and is based in Singapore.