XP Power (LON:XPP) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,561.90 and traded as high as GBX 1,772.42. XP Power shares last traded at GBX 1,744.22, with a volume of 91,853 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on XPP shares. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Berenberg Bank increased their price target on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,400 price target on shares of XP Power in a report on Wednesday. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,870 price objective on shares of XP Power in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,859.50.

XP Power Stock Up 5.1%

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 cap of £500.65 million, a P/E ratio of -42.52, a PEG ratio of 0.44 and a beta of 1.80. The company’s 50 day simple moving average is GBX 1,828.51 and its 200-day simple moving average is GBX 1,573.93.

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.