XP Power (LON:XPP) Shares Cross Above Two Hundred Day Moving Average of $5,178.85

Shares of XP Power Limited (LON:XPP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,178.85 ($67.66) and traded as high as GBX 5,540 ($72.38). XP Power shares last traded at GBX 5,430 ($70.94), with a volume of 11,127 shares traded.

Separately, Berenberg Bank boosted their target price on XP Power from GBX 5,945 ($77.67) to GBX 6,050 ($79.04) and gave the stock a “buy” rating in a research note on Wednesday, August 4th.

The company has a 50 day moving average of GBX 5,314.67 and a two-hundred day moving average of GBX 5,178.85. The company has a debt-to-equity ratio of 19.82, a quick ratio of 1.14 and a current ratio of 2.79. The stock has a market capitalization of £1.07 billion and a PE ratio of 29.05.

The company also recently declared a dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 9th will be given a dividend of GBX 19 ($0.25) per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a yield of 0.37%. This is a boost from XP Power’s previous dividend of $18.00. XP Power’s payout ratio is currently 0.49%.

In other XP Power news, insider Andy Sng sold 855 shares of XP Power stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of GBX 5,675 ($74.14), for a total transaction of £48,521.25 ($63,393.32).

XP Power Company Profile (LON:XPP)

XP Power Limited, an investment holding company, designs and manufactures 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 sources.

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