XP Power (LON:XPP) Reaches New 52-Week High – Here’s Why

XP Power Limited (LON:XPP)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,075.35 and last traded at GBX 2,075.35, with a volume of 212452 shares traded. The stock had previously closed at GBX 1,960.

Analyst Upgrades and Downgrades

XPP has been the topic of a number of analyst reports. Jefferies Financial Group upgraded XP Power to a “buy” rating and set a GBX 2,330 target price on the stock in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,400 price objective on shares of XP Power in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,974.50.

XP Power Stock Performance

The stock’s 50 day moving average price is GBX 1,777.02 and its 200 day moving average price is GBX 1,691.27. 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 company has a market cap of £576.06 million, a price-to-earnings ratio of -65.87, a P/E/G ratio of 0.44 and a beta of 1.80.

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.