XP Power (LON:XPP) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of XP Power Limited (LON:XPP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,313.35 and traded as high as GBX 1,800. XP Power shares last traded at GBX 1,794, with a volume of 254,084 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,140 target price on shares of XP Power in a report on Friday, April 24th. Shore Capital Group reissued a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Finally, Berenberg Bank boosted 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 report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,769.33.

XP Power Stock Performance

The company has a market cap of £502.89 million, a PE ratio of -42.71, a P/E/G ratio of 0.44 and a beta of 1.81. The stock’s 50 day moving average is GBX 1,657.08 and its 200-day moving average is GBX 1,313.35. The company has a quick ratio of 0.69, a current ratio of 1.59 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.