Xaar (LON:XAR) Shares Up 10.6% After Insider Buying Activity

Xaar plc (LON:XAR - Get Free Report) shares shot up 10.6% on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 115.12 ($1.51) and last traded at GBX 104 ($1.36). 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average session volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.23).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of Xaar stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of GBX 105 ($1.38) per share, for a total transaction of £5,250 ($6,878.93). Also, insider Paul James acquired 14,841 shares of the stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of GBX 67 ($0.88) per share, for a total transaction of £9,943.47 ($13,028.66).

Xaar Stock Performance

The stock has a market cap of £64.12 million, a PE ratio of -18.42, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The stock has a fifty day moving average of GBX 73.02 and a 200-day moving average of GBX 80.84. The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19.

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

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.