XP Power (LON:XPP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

XP Power Limited (LON:XPP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,313.35 and traded as high as GBX 1,800. XP Power shares last traded at GBX 1,794, with a volume of 254,084 shares traded.

Analyst Upgrades and Downgrades

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

XP Power Price Performance

The stock has a 50 day simple moving average of GBX 1,684.21 and a two-hundred day simple moving average of GBX 1,324.44. The firm has a market cap of £540.14 million, a PE ratio of -45.88, a price-to-earnings-growth ratio of 0.44 and a beta of 1.81. The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59.

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.