Xaar (LON:XAR) Trading Up 10.6% After Insider Buying Activity

Shares of Xaar plc (LON:XAR) traded up 10.6% during trading on Monday following insider buying activity. The company traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). 2,788,393 shares traded hands during trading, an increase of 1,387% from the average session volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.22).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought 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 acquired 14,841 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,855.16).

Xaar Stock Down 12.1 %

The stock has a fifty day moving average of GBX 72.68 and a 200-day moving average of GBX 81.07. The firm has a market capitalization of £72.36 million, a price-to-earnings ratio of -20.79, a PEG 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.

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

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.