XP Power (LON:XPP) Stock Price Breaks Below 200-Day Moving Average – Here’s Why

Shares of XP Power Limited (LON:XPP) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 1,662.92 and traded as low as GBX 1,629.92. XP Power shares last traded at GBX 1,632, with a volume of 1,314,671 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on XPP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,400 target price on shares of XP Power in a research report on Wednesday, August 5th. Berenberg Bank upped their target price on XP Power from GBX 2,120 to GBX 2,400 and gave the company a “buy” rating in a report on Wednesday, October 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,330 price target on shares of XP Power in a research report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,044.50.

XP Power Trading Down 2.2%

The firm has a market cap of £438.42 million, a P/E ratio of -50.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.80. The company has a quick ratio of 0.69, a current ratio of 1.48 and a debt-to-equity ratio of 66.55. The firm’s 50-day simple moving average is GBX 1,866.90 and its 200 day simple moving average is GBX 1,669.11.

Insider Activity

In related news, insider Matthew Webb sold 16,312 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of GBX 2,023, for a total value of £329,991.76. 5.16% of the stock is currently owned by 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.