XP Power (LON:XPP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

XP Power Limited (LON:XPP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 837.99 ($11.36) and traded as high as GBX 928 ($12.58). XP Power shares last traded at GBX 928 ($12.58), with a volume of 21,499 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on shares of XP Power from GBX 1,700 to GBX 1,500 and set a “buy” rating for the company in a report on Friday, August 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,245.

XP Power Trading Up 3.3%

The firm has a market cap of £260.14 million, a price-to-earnings ratio of -1,639.58, a P/E/G ratio of 0.44 and a beta of 1.48. The company’s 50 day simple moving average is GBX 900.52 and its 200 day simple moving average is GBX 837.99. The company has a debt-to-equity ratio of 110.81, a current ratio of 1.87 and a quick ratio of 0.69.

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.