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

Shares of Xaar plc (LON:XAR) traded up 10.6% during trading on Monday following insider buying activity. The stock traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). 2,788,393 shares were traded during 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 on Monday, March 31st. The shares were purchased at an average price of GBX 105 ($1.36) per share, with a total value of £5,250 ($6,782.95). Also, insider Paul James bought 14,841 shares of the stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of GBX 67 ($0.87) per share, for a total transaction of £9,943.47 ($12,846.86).

Xaar Stock Performance

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

Xaar (LON:XAR) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) earnings per share 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 forecast that Xaar plc will post 4.968795 earnings per share for the current fiscal 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.