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

XP Power Limited (LON:XPP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,005.26 and traded as high as GBX 1,406.56. XP Power shares last traded at GBX 1,386, with a volume of 13,748 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XPP. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,500 target price on shares of XP Power in a research note on Monday, January 19th. Shore Capital Group reiterated a “buy” rating and issued a GBX 2,048 price objective on shares of XP Power in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, XP Power currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,512.67.

XP Power Stock Up 0.6%

The company has a market cap of £390.77 million, a price-to-earnings ratio of -24.63, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The stock has a 50-day simple moving average of GBX 1,123.76 and a 200-day simple moving average of GBX 1,005.26. The company has a current ratio of 1.87, a quick ratio of 0.69 and a debt-to-equity ratio of 110.81.

Insider Transactions at XP Power

In related news, insider Gavin Griggs sold 3,002 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total value of £27,138.08. 5.12% of the stock is owned by corporate insiders.

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.