XP Power (LON:XPP) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

XP Power Limited (LON:XPP)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,765.96 and traded as high as GBX 1,960. XP Power shares last traded at GBX 1,942, with a volume of 1,540,910 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XPP. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,140 price target on shares of XP Power in a report on Friday, April 24th. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Finally, Berenberg Bank upped their price target 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, XP Power has an average rating of “Moderate Buy” and a consensus target price of GBX 1,769.33.

XP Power Trading Down 1.4%

The stock has a market cap of £536.53 million, a P/E ratio of -45.57, a P/E/G ratio of 0.44 and a beta of 1.80. The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59. The stock has a 50-day moving average price of GBX 1,765.96 and a 200-day moving average price of GBX 1,372.56.

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.