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

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

Xaar Stock Up 3.4%

Shares of LON XAR traded up GBX 5.07 during trading on Friday, hitting GBX 154.57. The stock had a trading volume of 132,193 shares, compared to its average volume of 131,631. Xaar plc has a 12 month low of GBX 96.33 and a 12 month high of GBX 156. The company has a debt-to-equity ratio of 14.77, a current ratio of 2.23 and a quick ratio of 1.31. The company has a market capitalization of £130.02 million, a PE ratio of -57.25, a PEG ratio of 3.73 and a beta of 0.78. The firm has a fifty day moving average of GBX 129.09 and a two-hundred day moving average of GBX 129.35.

Xaar (LON:XAR) last announced its earnings results on Tuesday, August 4th. The company reported GBX (1.80) EPS for the quarter. Xaar had a negative net margin of 3.36% and a negative return on equity of 3.80%. As a group, equities research analysts forecast that Xaar plc will post 4.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 140 target price on shares of Xaar in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Xaar currently has an average rating of “Buy” and an average 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.