Xaar (LON:XAR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Xaar plc (LON:XAR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 120.49 and traded as low as GBX 102.50. Xaar shares last traded at GBX 102.50, with a volume of 92,983 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank began coverage on Xaar in a research report on Thursday, October 9th. They set a “buy” rating and a GBX 160 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 160.

Xaar Stock Down 3.8%

The firm’s fifty day moving average price is GBX 112.86 and its 200-day moving average price is GBX 120.49. The company has a current ratio of 2.72, a quick ratio of 1.31 and a debt-to-equity ratio of 14.19. The company has a market cap of £81.00 million, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66.

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.