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Xaar (LON:XAR) Stock Price Passes Above 200 Day Moving Average - Here's Why

Xaar logo with Computer and Technology background

Xaar plc (LON:XAR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 79.98 ($1.06) and traded as high as GBX 91.94 ($1.22). Xaar shares last traded at GBX 91.94 ($1.22), with a volume of 100,665 shares.

Xaar Stock Performance

The stock's fifty day moving average price is GBX 76.40 and its 200-day moving average price is GBX 79.70. The company has a market capitalization of £76.47 million, a P/E ratio of -21.97, a PEG ratio of 3.73 and a beta of 1.66. The company has a debt-to-equity ratio of 14.19, a quick ratio of 1.31 and a current ratio of 2.72.

Xaar (LON:XAR - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Xaar had a negative return on equity of 4.85% and a negative net margin of 5.32%. As a group, research analysts anticipate that Xaar plc will post 4.968795 EPS for the current fiscal year.

Insider Activity

In other Xaar news, insider Paul James bought 14,841 shares of Xaar stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of GBX 67 ($0.89) per share, with a total value of £9,943.47 ($13,175.39). Also, insider Jacqueline Sutton purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of GBX 105 ($1.39) per share, for a total transaction of £5,250 ($6,956.41). Insiders own 7.76% of the company's stock.

Xaar Company Profile

(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.

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