Xaar (LON:XAR) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Xaar plc shares recently surpassed their 200-day moving average, indicating potential bullish momentum in the stock's performance.
• The company's market capitalization stands at £90.25 million, with a current price-to-earnings ratio of -25.93, suggesting a challenging financial outlook.
• Insider Paul James purchased 7,889 shares at an average price of GBX 126, reflecting insider confidence in the company's future prospects.

Xaar plc (LON:XAR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 102.20 ($1.38) and traded as high as GBX 117.50 ($1.59). Xaar shares last traded at GBX 115.50 ($1.56), with a volume of 18,856 shares changing hands.

Xaar Stock Performance

The company has a 50-day simple moving average of GBX 121.77 and a two-hundred day simple moving average of GBX 102.84. The company has a debt-to-equity ratio of 14.19, a quick ratio of 1.31 and a current ratio of 2.72. The firm has a market capitalization of £91.14 million, a P/E ratio of -853.13, a PEG ratio of 3.73 and a beta of 1.66.

Insider Activity

In other Xaar news, insider Paul James bought 7,889 shares of the stock in a transaction dated Monday, June 30th. The stock was purchased at an average cost of GBX 126 per share, for a total transaction of £9,940.14. Insiders own 2.68% of the company's stock.

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.