XP Power (LON:XPP) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

XP Power Limited (LON:XPP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,226 and traded as high as GBX 1,914. XP Power shares last traded at GBX 1,894, with a volume of 771,105 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on XPP. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,140 price objective on shares of XP Power in a report on Friday, April 24th. Finally, Berenberg Bank upped their price objective on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, XP Power presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,769.33.

XP Power Stock Performance

The firm’s 50 day moving average is GBX 1,516.12 and its 200-day moving average is GBX 1,230.71. The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59. The stock has a market capitalization of £532.65 million, a price-to-earnings ratio of -45.24, a PEG ratio of 0.44 and a beta of 1.78.

Insider Activity

In other XP Power news, insider Charlotta Ginman purchased 1,515 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of GBX 1,336 per share, with a total value of £20,240.40. Also, insider Jamie Pike acquired 7,496 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average price of GBX 1,330 per share, with a total value of £99,696.80. Company insiders own 5.12% of the company’s stock.

About XP Power

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.