XP Power (LON:XPP) Hits New 1-Year High – Here’s What Happened

XP Power Limited (LON:XPP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,075.35 and last traded at GBX 2,075.35, with a volume of 212452 shares traded. The stock had previously closed at GBX 1,960.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XPP. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,400 price objective on shares of XP Power in a research note on Wednesday, August 5th. Jefferies Financial Group raised XP Power to a “buy” rating and set a GBX 2,330 target price for the company in a report on Thursday, September 10th. Three investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,974.50.

XP Power Stock Performance

The stock has a market cap of £576.06 million, a PE ratio of -65.87, a P/E/G ratio of 0.44 and a beta of 1.80. The firm’s 50-day moving average is GBX 1,777.02 and its 200 day moving average is GBX 1,691.27. The company has a debt-to-equity ratio of 66.55, a quick ratio of 0.69 and a current ratio of 1.48.

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.