XP Power (LON:XPP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,623.36 and traded as high as GBX 1,830. XP Power shares last traded at GBX 1,776.66, with a volume of 315,586 shares.

Analyst Ratings Changes

XPP has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,870 price objective on shares of XP Power in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,400 target price on shares of XP Power in a research note on Wednesday, August 5th. Finally, Berenberg Bank lifted their target price on XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,859.50.

XP Power Price Performance

The company has a quick ratio of 0.69, a current ratio of 1.48 and a debt-to-equity ratio of 66.55. The company has a market cap of £492.20 million, a price-to-earnings ratio of -41.81, a PEG ratio of 0.44 and a beta of 1.80. The stock’s 50-day simple moving average is GBX 1,809.21 and its 200 day simple moving average is GBX 1,624.28.

XP Power Company Profile

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.