XP Power (LON:XPP) Share Price Passes Above 200 Day Moving Average – Here’s Why

XP Power Limited (LON:XPP)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,270.84 and traded as high as GBX 1,912. XP Power shares last traded at GBX 1,884, with a volume of 102,104 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a research report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,140 target price on shares of XP Power in a research report on Friday, April 24th. Finally, Berenberg Bank raised their target price on XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,769.33.

XP Power Trading Down 0.3%

The firm has a fifty day moving average of GBX 1,581.43 and a two-hundred day moving average of GBX 1,270.84. The company has a market cap of £528.12 million, a PE ratio of -44.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.78. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61.

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.