XP Power (LON:XPP) Share Price Passes Above 200 Day Moving Average – Here’s Why

XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,226 and traded as high as GBX 1,914. XP Power shares last traded at GBX 1,894, with a volume of 771,105 shares traded.

Analyst Ratings Changes

XPP has been the topic of a number of recent analyst reports. Shore Capital Group reissued a “buy” rating on shares of XP Power in a research report on Thursday, April 23rd. Berenberg Bank boosted their price target on XP Power from GBX 1,500 to GBX 2,120 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,140 price target on shares of XP Power in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,769.33.

XP Power Stock Up 0.3%

The firm has a 50-day moving average price of GBX 1,505.52 and a 200 day moving average price of GBX 1,226. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69. The company has a market cap of £534.32 million, a price-to-earnings ratio of -45.38, a P/E/G ratio of 0.44 and a beta of 1.78.

Insider Activity at XP Power

In other news, insider Jamie Pike bought 7,496 shares of the firm’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 bought 1,515 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. 5.12% of the stock is currently 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.