XP Power (LON:XPP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

XP Power Limited (LON:XPP)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,662.92 and traded as low as GBX 1,629.92. XP Power shares last traded at GBX 1,632, with a volume of 1,314,671 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on XPP shares. Berenberg Bank upped their price target on shares of XP Power from GBX 2,120 to GBX 2,400 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,400 price objective on shares of XP Power in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,330 target price on shares of XP Power in a report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, XP Power presently has an average rating of “Moderate Buy” and an average price target of GBX 2,044.50.

XP Power Stock Performance

The company’s fifty day simple moving average is GBX 1,876.84 and its 200 day simple moving average is GBX 1,662.92. The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 66.55. The stock has a market capitalization of £465.89 million, a P/E ratio of -53.27, a P/E/G ratio of 0.44 and a beta of 1.80.

Insider Buying and Selling at XP Power

In related news, insider Matthew Webb sold 16,312 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of GBX 2,023, for a total value of £329,991.76. Insiders own 5.16% of the company’s stock.

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.