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Xaar (LON:XAR) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Xaar logo with Computer and Technology background

Key Points

  • Xaar plc's share price has recently crossed above its 200-day moving average of GBX 104.12 ($1.41), reaching a trading high of GBX 131.80 ($1.78).
  • The company has a market capitalization of £102.88 million and is currently experiencing a stock increase of 4.0%.
  • Insider Paul James has purchased 7,889 shares at an average cost of GBX 126, indicating confidence in the company's future performance.
  • MarketBeat previews top five stocks to own in October.

Shares of Xaar plc (LON:XAR - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 104.12 ($1.41) and traded as high as GBX 131.80 ($1.78). Xaar shares last traded at GBX 130 ($1.76), with a volume of 128,835 shares trading hands.

Xaar Stock Up 4.0%

The stock has a market cap of £102.88 million, a price-to-earnings ratio of -921.99, a PEG ratio of 3.73 and a beta of 1.66. The business's fifty day moving average is GBX 121.52 and its two-hundred day moving average is GBX 104.12. The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19.

Insider Activity

In other Xaar news, insider Paul James purchased 7,889 shares of the stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of GBX 126 per share, with a total value of £9,940.14. Corporate insiders own 2.67% of the company's stock.

About Xaar

(Get Free Report)

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.

Further Reading

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