Xaar (LON:XAR) Trading 10.6% Higher on Insider Buying Activity

Xaar plc (LON:XAR) rose 10.6% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares traded hands during mid-day trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.22).

Specifically, insider Jacqueline Sutton acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of GBX 105 ($1.36) per share, with a total value of £5,250 ($6,787.33). Also, insider Paul James bought 14,841 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,855.16).

Xaar Price Performance

The firm has a market cap of £72.36 million, a PE ratio of -20.79, a price-to-earnings-growth 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 has a 50 day moving average price of GBX 72.68 and a 200 day moving average price of GBX 81.07.

Xaar (LON:XAR) last posted its earnings results on Tuesday, March 25th. The company reported GBX 0.70 ($0.01) EPS for the quarter. Xaar had a negative return on equity of 4.85% and a negative net margin of 5.32%. On average, sell-side analysts expect that Xaar plc will post 4.968795 EPS for the current year.

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.