Xaar (LON:XAR) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Xaar plc (LON:XAR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 80.39 ($1.03) and traded as high as GBX 93 ($1.19). Xaar shares last traded at GBX 90.60 ($1.16), with a volume of 171,042 shares changing hands.

Xaar Price Performance

The company has a debt-to-equity ratio of 14.19, a current ratio of 2.72 and a quick ratio of 1.31. The stock has a fifty day simple moving average of GBX 73.44 and a 200-day simple moving average of GBX 80.39. The company has a market capitalization of £69.98 million, a price-to-earnings ratio of -20.11, a P/E/G ratio of 3.73 and a beta of 1.66.

Xaar (LON:XAR) last posted its earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) earnings per share (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 anticipate that Xaar plc will post 4.968795 EPS for the current year.

Insider Activity at Xaar

In other news, insider Jacqueline Sutton acquired 5,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of GBX 105 ($1.34) per share, for a total transaction of £5,250 ($6,708.41). Also, insider Paul James bought 14,841 shares of Xaar stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of GBX 67 ($0.86) per share, with a total value of £9,943.47 ($12,705.69). 7.76% of the stock is owned by company insiders.

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.