Xaar (LON:XAR) Stock Crosses Below 200-Day Moving Average – Here’s Why

Xaar plc (LON:XAR)’s stock price 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 trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of Xaar in a report on Thursday, October 9th. They issued a “buy” rating and a GBX 160 price target for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 160.

Xaar Trading Down 3.8%

The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19. The firm has a market capitalization of £81.00 million, a P/E ratio of -7.27, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The firm’s 50-day simple moving average is GBX 112.86 and its 200-day simple moving average is GBX 120.44.

Xaar Company Profile

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.