Xaar (LON:XAR) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Xaar plc (LON:XAR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 119.63 and traded as low as GBX 106. Xaar shares last traded at GBX 110, with a volume of 14,148 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of Xaar in a research note on Thursday, October 9th. They issued a “buy” rating and a GBX 160 target price on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 160.

Xaar Trading Down 1.5%

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 firm has a market cap of £85.66 million, a PE ratio of -7.69, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The stock has a 50-day simple moving average of GBX 110.72 and a two-hundred day simple moving average of GBX 119.44.

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.