XP Power (LON:XPP) Hits New 1-Year High – Here’s What Happened

XP Power Limited (LON:XPP) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 1,978 and last traded at GBX 1,924.95, with a volume of 469 shares. The stock had previously closed at GBX 1,900.15.

Analyst Ratings Changes

XPP has been the topic of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 1,140 target price on shares of XP Power in a research report on Friday, April 24th. Shore Capital Group restated a “buy” rating on shares of XP Power in a research report on Thursday, April 23rd. Finally, Berenberg Bank upped their target price on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,769.33.

XP Power Stock Performance

The stock’s 50-day moving average is GBX 1,526.80 and its 200-day moving average is GBX 1,238.35. The stock has a market cap of £539.62 million, a price-to-earnings ratio of -45.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.78. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69.

Insider Buying and Selling

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