Xaar (LON:XAR) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Xaar plc's stock price has crossed above its 200-day moving average of GBX 114.77, trading as high as GBX 122.50.
• Insiders have been actively purchasing shares, with transactions totaling £25,745.92 from two insiders on October 1st alone.
• The company has a market capitalization of £94.40 million and operates in multiple segments including Printhead and Digital Imaging.

Xaar plc (LON:XAR - )'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 114.77 ($1.53) and traded as high as GBX 122.50 ($1.63). Xaar shares last traded at GBX 117 ($1.56), with a volume of 90,546 shares traded.

Xaar Price Performance

The firm's 50-day moving average is GBX 123.64 and its 200-day moving average is GBX 114.77. The company has a market capitalization of £94.40 million, a PE ratio of -846.54, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. 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 Buying and Selling

In related news, insider Ben Stocks bought 16,114 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of GBX 128 per share, for a total transaction of £20,625.92. Also, insider Inken Braunschmidt bought 4,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average price of GBX 128 per share, with a total value of £5,120. Over the last ninety days, insiders purchased 24,221 shares of company stock worth $3,071,539. Corporate 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.

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