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

Xaar plc (LON:XAR) shares rose 10.6% during trading on Tuesday 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). Approximately 2,788,393 shares were traded during 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 purchased 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 ($1.36) per share, with a total value of £5,250 ($6,787.33).

Xaar Stock Performance

The firm has a market capitalization of £72.36 million, a PE ratio of -20.79, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The company has a debt-to-equity ratio of 14.19, a quick ratio of 1.31 and a current ratio of 2.72. The business’s fifty day simple moving average is GBX 72.68 and its 200-day simple moving average is GBX 81.07.

Xaar (LON:XAR) last issued its 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%. As a group, equities research analysts expect 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.