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

Xaar plc (LON:XAR)’s stock price was up 10.6% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares changed hands during mid-day trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.22).

Specifically, insider Jacqueline Sutton bought 5,000 shares of the company’s stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of GBX 105 ($1.36) per share, for a total transaction of £5,250 ($6,787.33).

Xaar Price Performance

The company’s fifty day moving average price is GBX 72.68 and its two-hundred day moving average price is GBX 81.07. The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19. The company 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.

Xaar (LON:XAR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) EPS 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 forecast that Xaar plc will post 4.968795 EPS 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.