Xaar (LON:XAR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Xaar plc (LON:XAR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 121.18 and traded as low as GBX 116. Xaar shares last traded at GBX 125, with a volume of 80,992 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 140 target price on shares of Xaar in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Xaar presently has an average rating of “Buy” and a consensus price target of GBX 140.

Xaar Stock Down 5.4%

The business’s 50-day moving average is GBX 135.20 and its two-hundred day moving average is GBX 121.18. The firm has a market capitalization of £92.79 million, a price-to-earnings ratio of -27.50, a P/E/G ratio of 3.73 and a beta of 0.79. The company has a debt-to-equity ratio of 9.54, a quick ratio of 1.31 and a current ratio of 2.55.

Xaar Company Profile

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.