XP Power (LON:XPP) Stock Price Crosses Above Two Hundred Day Moving Average of $1,264.08

XP Power Limited (LON:XPP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,264.08 ($15.99) and traded as high as GBX 1,452 ($18.37). XP Power shares last traded at GBX 1,452 ($18.37), with a volume of 17,070 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XPP shares. Berenberg Bank increased their price objective on shares of XP Power from GBX 1,400 ($17.71) to GBX 1,950 ($24.66) and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Numis Securities reissued a “buy” rating and set a GBX 1,380 ($17.46) target price on shares of XP Power in a research note on Thursday, April 11th.

XP Power Stock Performance

The firm has a market capitalization of £342.41 million, a P/E ratio of -3,226.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.37. The company’s 50 day moving average is GBX 1,388.04 and its 200-day moving average is GBX 1,264.08. The company has a quick ratio of 0.69, a current ratio of 1.92 and a debt-to-equity ratio of 116.42.

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.