Xaar (LON:XAR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Xaar plc (LON:XAR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 79.98 ($1.06) and traded as high as GBX 91.94 ($1.22). Xaar shares last traded at GBX 91.94 ($1.22), with a volume of 100,665 shares changing hands.

Xaar Stock Performance

The stock has a market cap of £73.22 million, a price-to-earnings ratio of -21.04, a PEG ratio of 3.73 and a beta of 1.66. The firm has a fifty day simple moving average of GBX 75.33 and a 200 day simple moving average of GBX 79.90. The company has a current ratio of 2.72, a quick ratio of 1.31 and a debt-to-equity ratio of 14.19.

Xaar (LON:XAR) last announced its earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) earnings per share (EPS) for the quarter. Xaar had a negative net margin of 5.32% and a negative return on equity of 4.85%. As a group, sell-side analysts expect that Xaar plc will post 4.968795 earnings per share for the current year.

Insider Activity

In related news, insider Jacqueline Sutton bought 5,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of GBX 105 ($1.39) per share, for a total transaction of £5,250 ($6,965.64). Also, insider Paul James acquired 14,841 shares of the stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of GBX 67 ($0.89) per share, with a total value of £9,943.47 ($13,192.88). 7.76% of the stock is currently owned by corporate insiders.

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.