XP Power (LON:XPP) Share Price Passes 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 Wednesday . The stock has a 200-day moving average of GBX 928.02 and traded as low as GBX 870. XP Power shares last traded at GBX 870, with a volume of 5,302 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,500 price target on shares of XP Power in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,245.

XP Power Trading Down 2.2%

The company’s 50 day simple moving average is GBX 947.43 and its two-hundred day simple moving average is GBX 927.61. The company has a quick ratio of 0.69, a current ratio of 1.87 and a debt-to-equity ratio of 110.81. The company has a market capitalization of £243.88 million, a price-to-earnings ratio of -15.37, a P/E/G ratio of 0.44 and a beta of 1.48.

Insider Activity

In related news, insider Daniel Shook acquired 1,103 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average price of GBX 1,038 per share, for a total transaction of £11,449.14. Also, insider Gavin Griggs sold 3,002 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total transaction of £27,138.08. Corporate insiders own 5.11% 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.