XP Power (LON:XPP) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• XP Power shares have recently surpassed their 200-day moving average, reaching a trading high of GBX 1,050 ($14.03).
• Berenberg Bank has issued a buy rating for XP Power with a target price of GBX 1,500, while the average price target is set at GBX 1,245.
• The company has a market capitalization of £291.53 million and notable financial metrics including a P/E ratio of -18.37 and a beta of 1.48.

XP Power Limited (LON:XPP - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 857.27 ($11.45) and traded as high as GBX 1,050 ($14.03). XP Power shares last traded at GBX 1,034.27 ($13.82), with a volume of 67,769 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,500 target price on shares of XP Power in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 1,245.

XP Power Stock Performance

The firm has a 50-day moving average price of GBX 936.04 and a two-hundred day moving average price of GBX 857.27. The company has a debt-to-equity ratio of 110.81, a current ratio of 1.87 and a quick ratio of 0.69. The firm has a market capitalization of £291.53 million, a P/E ratio of -18.37, a P/E/G ratio of 0.44 and a beta of 1.48.

XP Power Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.