Xaar (LON:XAR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Xaar plc (LON:XAR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 121.25 and traded as low as GBX 100. Xaar shares last traded at GBX 106, with a volume of 36,957 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank initiated coverage on Xaar in a research note on Thursday, October 9th. They set a “buy” rating and a GBX 160 price objective on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 160.

Xaar Price Performance

The stock has a market capitalization of £83.76 million, a PE ratio of -7.52, a PEG ratio of 3.73 and a beta of 1.66. 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 50 day simple moving average is GBX 115.15 and its 200 day simple moving average is GBX 121.25.

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.