XP Power (LON:XPP) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

XP Power Limited (LON:XPP)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,765.96 and traded as high as GBX 1,960. XP Power shares last traded at GBX 1,942, with a volume of 1,540,910 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on XPP shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,140 price objective on shares of XP Power in a report on Friday, April 24th. Shore Capital Group restated a “buy” rating on shares of XP Power in a report on Thursday, April 23rd. Finally, Berenberg Bank raised their price target on XP Power from GBX 1,500 to GBX 2,120 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,769.33.

XP Power Trading Down 1.4%

The firm’s 50 day moving average is GBX 1,765.96 and its 200 day moving average is GBX 1,372.56. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69. The company has a market capitalization of £536.53 million, a PE ratio of -45.57, a P/E/G ratio of 0.44 and a beta of 1.80.

About XP Power

XP Power Limited, an investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, high voltage DC-DC converters, RF power systems, EMI filters, custom power supplies, and 3 phase power supplies. It also provides engineering services. The company serves healthcare, industrial technology, and semiconductor equipment manufacturing industries. XP Power Limited was founded in 1988 and is based in Singapore.