Xaar (LON:XAR) Shares Up 10.6% After Insider Buying Activity

Xaar plc (LON:XAR) shares shot up 10.6% on Monday following insider buying activity. The company traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). 2,788,393 shares changed 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 ($1.22).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was bought at an average cost of GBX 105 ($1.36) per share, for a total transaction of £5,250 ($6,787.33). Also, insider Paul James purchased 14,841 shares of the stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of GBX 67 ($0.87) per share, for a total transaction of £9,943.47 ($12,855.16).

Xaar Stock Down 12.1 %

The firm has a 50-day moving average of GBX 72.68 and a two-hundred day moving average of GBX 81.07. The firm has a market cap of £72.36 million, a price-to-earnings ratio of -20.79, a PEG ratio of 3.73 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 1.31 and a debt-to-equity ratio of 14.19.

Xaar (LON:XAR) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Xaar had a negative return on equity of 4.85% and a negative net margin of 5.32%. As a group, sell-side analysts predict that Xaar plc will post 4.968795 earnings per share for the current fiscal year.

About Xaar

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.