XP Power (LON:XPP) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• Technical breakout: XP Power's shares crossed above the 50‑day moving average (50‑day MA GBX 1,339.70), trading as high as GBX 1,418 on Wednesday with 21,458 shares changing hands.
• Analyst sentiment is positive with a consensus Buy rating and an average price target of GBX 1,724; recent notes include Berenberg raising its target to GBX 1,400 and Shore Capital at GBX 2,048.
• Insiders have been buying—Jamie Pike purchased 7,496 shares at GBX 1,330 and Charlotta Ginman 1,515 shares at GBX 1,336—insiders own 5.12%, while the company has a market cap of £397.49m, a negative P/E (-33.76) and a debt/equity ratio of 74.61.

XP Power Limited (LON:XPP - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,339.70 and traded as high as GBX 1,418. XP Power shares last traded at GBX 1,418, with a volume of 21,458 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Berenberg Bank lifted their price target on XP Power from GBX 975 to GBX 1,400 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Shore Capital Group reiterated a "buy" rating and set a GBX 2,048 price target on shares of XP Power in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 1,724.

XP Power Price Performance

The company has a quick ratio of 0.69, a current ratio of 1.59 and a debt-to-equity ratio of 74.61. The stock has a 50-day simple moving average of GBX 1,339.70 and a 200-day simple moving average of GBX 1,101.09. The firm has a market capitalization of £397.49 million, a PE ratio of -33.76, a P/E/G ratio of 0.44 and a beta of 1.70.

Insider Buying and Selling at XP Power

In related news, insider Jamie Pike purchased 7,496 shares of XP Power stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. Also, insider Charlotta Ginman purchased 1,515 shares of XP Power stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of GBX 1,336 per share, with a total value of £20,240.40. 5.12% of the stock is currently owned by insiders.

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.

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