XP Power (LON:XPP) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of XP Power Limited (LON:XPP) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1,794.54 and traded as low as GBX 1,590. XP Power shares last traded at GBX 1,754, with a volume of 248,734 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XPP shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,400 price objective on shares of XP Power in a report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,330 target price on shares of XP Power in a report on Wednesday. Finally, Berenberg Bank lifted 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 research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, XP Power presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,044.50.

XP Power Stock Down 5.4%

The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 66.55. The company has a market capitalization of £471.50 million, a P/E ratio of -53.91, a PEG ratio of 0.44 and a beta of 1.80. The firm’s 50 day moving average price is GBX 1,886.83 and its two-hundred day moving average price is GBX 1,801.

Insider Buying and Selling

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