XP Power (LON:XPP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

XP Power Limited (LON:XPP)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,035.29 and traded as high as GBX 1,377.75. XP Power shares last traded at GBX 1,366, with a volume of 3,455 shares.

Analyst Ratings Changes

XPP has been the subject of several recent research reports. Shore Capital Group reissued a “buy” rating and set a GBX 2,048 target price on shares of XP Power in a report on Monday, January 19th. Berenberg Bank increased their price target on XP Power from GBX 975 to GBX 1,400 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,724.

XP Power Price Performance

The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69. The stock has a fifty day simple moving average of GBX 1,229.17 and a 200-day simple moving average of GBX 1,038.68. The company has a market capitalization of £397.49 million, a price-to-earnings ratio of -25.05, a P/E/G ratio of 0.44 and a beta of 1.70.

Insider Activity

In other news, insider Charlotta Ginman purchased 1,515 shares of the stock in a transaction that occurred on 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 Gavin Griggs sold 3,002 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total transaction of £27,138.08. 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.