XP Power (OTCMKTS:XPPLF) Stock Jumps 11% – Here’s What Happened

Shares of XP Power Limited (OTCMKTS:XPPLF) traded up 11% during mid-day trading on Tuesday. The stock traded as high as $26.85 and last traded at $26.85. 400 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 350 shares. The stock had previously closed at $24.20.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded XP Power from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, XP Power has a consensus rating of “Buy”.

XP Power Stock Performance

The firm’s 50 day moving average is $26.68 and its two-hundred day moving average is $21.86.

About XP Power

XP Power Limited is a designer and manufacturer of power-control solutions for original equipment manufacturers and other industrial customers. The company develops products that convert, regulate and control electrical power for use in equipment requiring reliable and precisely managed power supplies.

Its product portfolio includes AC-DC power supplies, DC-DC converters, high-voltage power supplies, radio-frequency power systems and electromagnetic-compatibility filters. These products are used in a range of applications, including healthcare equipment, industrial technology, semiconductor manufacturing, communications, aerospace and defense.

Founded in 1988, XP Power serves customers internationally through operations and sales activities across North America, Europe and Asia.