XP Power (LON:XPP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

XP Power Limited (LON:XPP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,192.73 and traded as high as GBX 1,926. XP Power shares last traded at GBX 1,910, with a volume of 42,967 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on XPP. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,140 target price on shares of XP Power in a research report on Friday, April 24th. Shore Capital Group reiterated a “buy” rating on shares of XP Power in a research report on Thursday, April 23rd. Finally, Berenberg Bank raised their price target on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,769.33.

XP Power Stock Down 6.1%

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 capitalization of £507.38 million, a P/E ratio of -43.10, a P/E/G ratio of 0.44 and a beta of 1.78. The stock has a 50-day moving average price of GBX 1,471.78 and a 200-day moving average price of GBX 1,203.21.

Insider Transactions at XP Power

In related news, insider Charlotta Ginman acquired 1,515 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. Also, insider Jamie Pike acquired 7,496 shares of the 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. 5.12% of the stock is owned by company insiders.

XP Power Company Profile

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.