Insider Buying: Xaar (LON:XAR) Insider Acquires 51,000 Shares of Stock

Xaar plc (LON:XAR) insider Daniel Dayan acquired 51,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of GBX 148 per share, with a total value of £75,480.

Xaar Stock Performance

Xaar stock traded up GBX 5.07 during mid-day trading on Friday, reaching GBX 154.57. The company’s stock had a trading volume of 132,193 shares, compared to its average volume of 131,631. Xaar plc has a 12-month low of GBX 96.33 and a 12-month high of GBX 156. The company has a market capitalization of £130.02 million, a P/E ratio of -57.25, a PEG ratio of 3.73 and a beta of 0.78. The company has a debt-to-equity ratio of 14.77, a quick ratio of 1.31 and a current ratio of 2.23. The firm’s fifty day moving average price is GBX 129.09 and its two-hundred day moving average price is GBX 129.35.

Xaar (LON:XAR) last issued its earnings results on Tuesday, August 4th. The company reported GBX (1.80) earnings per share (EPS) for the quarter. Xaar had a negative net margin of 3.36% and a negative return on equity of 3.80%. Sell-side analysts predict that Xaar plc will post 4.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 140 price target on shares of Xaar in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 140.

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.