Xaar (LON:XAR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Xaar plc (LON:XAR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 112.26 ($1.51) and traded as low as GBX 108.22 ($1.46). Xaar shares last traded at GBX 123 ($1.66), with a volume of 219,098 shares.

Xaar Stock Performance

The company has a market capitalization of £93.09 million, a PE ratio of -834.04, a PEG ratio of 3.73 and a beta of 1.66. The company has a 50 day moving average of GBX 124.35 and a two-hundred day moving average of GBX 112.26. The company has a debt-to-equity ratio of 14.19, a current ratio of 2.72 and a quick ratio of 1.31.

Insiders Place Their Bets

In other news, insider Inken Braunschmidt purchased 4,000 shares of Xaar stock in a transaction that occurred on Wednesday, October 1st. The shares were bought at an average cost of GBX 128 per share, with a total value of £5,120. 2.67% of the stock is currently owned by insiders.

Xaar Company Profile

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.