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

XP Power Limited (LON:XPP) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,765.96 and traded as high as GBX 1,960. XP Power shares last traded at GBX 1,942, with a volume of 1,540,910 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on XPP. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,140 target price on shares of XP Power in a research note on Friday, April 24th. Shore Capital Group reissued a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Finally, Berenberg Bank upped their price objective on shares of 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,769.33.

XP Power Price Performance

The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61. The company has a fifty day moving average price of GBX 1,788.94 and a two-hundred day moving average price of GBX 1,386.43. The firm has a market cap of £535.69 million, a P/E ratio of -45.50, a PEG ratio of 0.44 and a beta of 1.62.

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.