XP Power (LON:XPP) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

XP Power Limited (LON:XPP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,035.29 and traded as high as GBX 1,377.75. XP Power shares last traded at GBX 1,366, with a volume of 3,455 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Shore Capital Group restated a “buy” rating and set a GBX 2,048 price target on shares of XP Power in a report on Monday, January 19th. Berenberg Bank increased their price objective on XP Power from GBX 975 to GBX 1,400 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,724.

XP Power Stock Down 0.3%

The company’s fifty day simple moving average is GBX 1,218.69 and its 200 day simple moving average is GBX 1,035.29. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61. The firm has a market capitalization of £382.92 million, a P/E ratio of -24.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.70.

Insider Activity at XP Power

In other XP Power news, insider Gavin Griggs sold 3,002 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total value of £27,138.08. Also, insider Jamie Pike acquired 7,496 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. 5.12% of the stock is owned by corporate insiders.

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. It also provides engineering services. The company serves healthcare, industrial technology, and semiconductor equipment manufacturing industries. XP Power Limited was founded in 1988 and is based in Singapore.