Xaar (LON:XAR) Trading 10.6% Higher Following Insider Buying Activity

Shares of Xaar plc (LON:XAR) were up 10.6% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.21).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of GBX 105 ($1.36) per share, for a total transaction of £5,250 ($6,782.95). Also, insider Paul James acquired 14,841 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,846.86).

Xaar Trading Up 10.6 %

The business has a 50-day moving average of GBX 72.12 and a two-hundred day moving average of GBX 81.22. The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19. The firm has a market capitalization of £82.33 million, a price-to-earnings ratio of -23.66, a P/E/G ratio of 3.73 and a beta of 1.66.

Xaar (LON:XAR) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Xaar had a negative net margin of 5.32% and a negative return on equity of 4.85%. Research analysts predict that Xaar plc will post 4.968795 EPS for the current fiscal year.

Xaar Company Profile

Xaar plc designs, develops, manufactures, markets, and sells printheads and associated products in Europe, the Middle East, Africa, Asia, and the Americas. It operates through four segments: Printhead, Product Print Systems, Digital Imaging, and Ink Supply Systems segments. The company offers print head products; digital imaging solutions, comprising digital inkjet label presses and digital pathology scanners; industrial ink management and supply systems for digital inkjet; electronic products; industrial printing machines; and system components, such as ink system test kit, print manager, hydra ink supply system, midas ink supply system, inkjet development system, head personality card 1000, and 2001+ head personality card.