Xaar (LON:XAR) Shares Pass Below 200-Day Moving Average – Here’s Why

Xaar plc (LON:XAR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 120.47 and traded as low as GBX 113. Xaar shares last traded at GBX 115, with a volume of 309,827 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 140 price target on shares of Xaar in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Xaar has a consensus rating of “Buy” and a consensus target price of GBX 140.

Xaar Stock Performance

The company’s 50-day simple moving average is GBX 136.96 and its 200-day simple moving average is GBX 120.47. The stock has a market capitalization of £90.24 million, a price-to-earnings ratio of -26.74, a PEG ratio of 3.73 and a beta of 0.80. The company has a current ratio of 2.55, a quick ratio of 1.31 and a debt-to-equity ratio of 9.54.

About Xaar

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.