Xaar (LON:XAR) Insider Buys £75,480 in Stock

Xaar plc (LON:XAR) insider Daniel Dayan bought 51,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average cost of GBX 148 per share, for a total transaction of £75,480.

Xaar Price Performance

LON XAR opened at GBX 157 on Monday. The business’s fifty day moving average is GBX 129.86 and its 200 day moving average is GBX 129.66. Xaar plc has a fifty-two week low of GBX 96.33 and a fifty-two week high of GBX 158.25. The company has a debt-to-equity ratio of 14.77, a quick ratio of 1.31 and a current ratio of 2.23. The company has a market capitalization of £132.07 million, a PE ratio of -58.15, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78.

Xaar (LON:XAR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX (1.80) EPS for the quarter. Xaar had a negative return on equity of 3.80% and a negative net margin of 3.36%. Sell-side analysts predict that Xaar plc will post 4.97 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 140 target price on shares of Xaar in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Xaar has an average rating of “Buy” and a consensus price target of GBX 140.

About Xaar

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.