XP Power (LON:XPP) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemXP Power Limited (LON:XPP – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,053.61 and traded as high as GBX 1,360. XP Power shares last traded at GBX 1,310, with a volume of 4,985 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Shore Capital Group restated a “buy” rating and issued a GBX 2,048 price objective on shares of XP Power in a research report on Monday, January 19th. Berenberg Bank lifted their target price on XP Power from GBX 975 to GBX 1,400 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,724.
View Our Latest Stock Report on XPP
XP Power Stock Performance
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 company has a market cap of £367.22 million, a price-to-earnings ratio of -23.14, a PEG ratio of 0.44 and a beta of 1.70. The firm’s 50-day moving average price is GBX 1,272.87 and its 200 day moving average price is GBX 1,054.57.
Insider Buying and Selling at XP Power
In related news, insider Jamie Pike purchased 7,496 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of GBX 1,330 per share, with a total value of £99,696.80. Also, insider Charlotta Ginman purchased 1,515 shares of XP Power stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of GBX 1,336 per share, for a total transaction of £20,240.40. 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.