XP Power (LON:XPP) Stock Passes Above 200-Day Moving Average of $2,064.13

Shares of XP Power Limited (LON:XPP – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,064.13 ($25.16) and traded as high as GBX 2,172.25 ($26.47). XP Power shares last traded at GBX 2,115 ($25.78), with a volume of 29,294 shares trading hands.

Wall Street Analysts Forecast Growth

XPP has been the topic of several recent analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 2,430 ($29.62) price objective on shares of XP Power in a research note on Tuesday, March 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,700 ($32.91) price objective on shares of XP Power in a research note on Tuesday, February 28th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,700 ($32.91) price objective on shares of XP Power in a research report on Tuesday, February 28th.

XP Power Stock Down 2.8 %

The stock has a market cap of £417.29 million, a P/E ratio of -2,073.53, a P/E/G ratio of 0.44 and a beta of 1.36. The company has a debt-to-equity ratio of 161.79, a quick ratio of 0.69 and a current ratio of 2.13. The stock’s fifty day simple moving average is GBX 2,400.02 and its 200-day simple moving average is GBX 2,064.13.

XP Power Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, March 23rd will be issued a dividend of GBX 36 ($0.44) per share. This is an increase from XP Power’s previous dividend of $21.00. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a dividend yield of 1.47%. XP Power’s dividend payout ratio (DPR) is -9,215.69%.

About XP Power

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XP Power Limited, an investment holding company, designs and manufactures power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage DC-DC converters, high voltage AC-DC power supplies, RF power systems, EMI filters, custom power supplies, and 3 phase power sources.