XP Power (LON:XPP) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,599.66 and traded as high as GBX 1,810. XP Power shares last traded at GBX 1,762, with a volume of 127,894 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XPP shares. Berenberg Bank lifted their price target on XP Power from GBX 1,500 to GBX 2,120 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a research note on Thursday, April 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,870 target price on shares of XP Power in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,400 target price on shares of XP Power in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,859.50.

XP Power Price Performance

The stock has a fifty day moving average price of GBX 1,812.23 and a 200-day moving average price of GBX 1,603.41. The company has a market cap of £488.32 million, a PE ratio of -41.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.80. The company has a debt-to-equity ratio of 66.55, a current ratio of 1.48 and a quick ratio of 0.69.

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.