XP Power (LON:XPP) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

XP Power Limited (LON:XPP) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,662.92 and traded as low as GBX 1,629.92. XP Power shares last traded at GBX 1,632, with a volume of 1,314,671 shares trading hands.

Wall Street Analysts Forecast Growth

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

XP Power Stock Up 1.3%

The company has a market capitalization of £465.89 million, a P/E ratio of -53.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.80. The stock’s fifty day moving average is GBX 1,876.84 and its 200 day moving average is GBX 1,662.92. The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 66.55.

Insiders Place Their Bets

In other XP Power news, insider Matthew Webb sold 16,312 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of GBX 2,023, for a total value of £329,991.76. Company insiders own 5.16% of the company’s stock.

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.