Xaar (LON:XAR) Trading 10.6% Higher on Insider Buying Activity

Xaar plc (LON:XAR)’s stock price shot up 10.6% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average session volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.21).

Specifically, insider Jacqueline Sutton bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of GBX 105 ($1.36) per share, for a total transaction of £5,250 ($6,782.95). Also, insider Paul James purchased 14,841 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,846.86).

Xaar Price Performance

The company has a market cap of £82.33 million, a price-to-earnings ratio of -23.66, a P/E/G ratio of 3.73 and a beta of 1.66. The company’s 50-day simple moving average is GBX 72.53 and its 200-day simple moving average is GBX 81.20. The company has a debt-to-equity ratio of 14.19, a current ratio of 2.72 and a quick ratio of 1.31.

Xaar (LON:XAR) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) earnings per share for the quarter. Xaar had a negative net margin of 5.32% and a negative return on equity of 4.85%. On average, equities research analysts anticipate that Xaar plc will post 4.968795 EPS for the current year.

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.