XP Power (LON:XPP) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

XP Power Limited (LON:XPP)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 1,679.79 and traded as low as GBX 1,664. XP Power shares last traded at GBX 1,677.70, with a volume of 79,150 shares.

Analyst Upgrades and Downgrades

XPP has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,330 price objective on shares of XP Power in a report on Wednesday, October 21st. Deutsche Bank reiterated a “hold” rating and issued a GBX 1,400 price objective on shares of XP Power in a research note on Wednesday, August 5th. Finally, Berenberg Bank increased their target price on XP Power from GBX 2,120 to GBX 2,400 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,044.50.

XP Power Stock Performance

The company has a market capitalization of £463.24 million, a P/E ratio of -52.97, a PEG ratio of 0.44 and a beta of 1.80. The stock has a fifty day simple moving average of GBX 1,858.10 and a 200-day simple moving average of GBX 1,679.79. The company has a quick ratio of 0.69, a current ratio of 1.48 and a debt-to-equity ratio of 66.55.

Insider Activity

In related news, insider Matthew Webb sold 16,312 shares of XP Power stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of GBX 2,023, for a total transaction of £329,991.76. 5.16% 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.