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

Xaar plc (LON:XAR - Get Free Report) shares rose 10.6% during mid-day trading on Monday following insider buying activity. The company traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.21).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were bought at an average price of GBX 105 ($1.35) per share, with a total value of £5,250 ($6,772.45). Also, insider Paul James acquired 14,841 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of GBX 67 ($0.86) per share, with a total value of £9,943.47 ($12,826.97).

Xaar Stock Down 5.4 %

The company has a debt-to-equity ratio of 14.19, a quick ratio of 1.31 and a current ratio of 2.72. The firm has a 50 day simple moving average of GBX 73 and a two-hundred day simple moving average of GBX 80.67. The stock has a market cap of £64.12 million, a P/E ratio of -18.42, a P/E/G ratio of 3.73 and a beta of 1.66.

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

Xaar Company Profile

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.