Xaar (LON:XAR) Trading Up 10.6% After Insider Buying Activity

Xaar plc (LON:XAR)’s stock price rose 10.6% during trading on Monday following insider buying activity. The company traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.21).

Specifically, insider Jacqueline Sutton acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of GBX 105 ($1.36) per share, with a total value of £5,250 ($6,782.95). Also, insider Paul James purchased 14,841 shares of Xaar stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,846.86).

Xaar Trading Up 10.6 %

The company has a market capitalization of £82.33 million, a PE ratio of -23.66, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The company has a 50 day simple moving average of GBX 72.12 and a 200 day simple moving average of GBX 81.22. The company has a debt-to-equity ratio of 14.19, a quick ratio of 1.31 and a current ratio of 2.72.

Xaar (LON:XAR) last released its earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) earnings per share (EPS) for the quarter. Xaar had a negative net margin of 5.32% and a negative return on equity of 4.85%. Analysts anticipate that Xaar plc will post 4.968795 earnings per share for the current year.

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.