Shares of Xaar plc (LON:XAR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $47.14 and traded as high as $87.20. Xaar shares last traded at $82.00, with a volume of 124,379 shares traded.
Several brokerages have weighed in on XAR. Peel Hunt reaffirmed a “hold” rating on shares of Xaar in a research note on Thursday, June 11th. Peel Hunt reaffirmed a “hold” rating and set a GBX 50 ($0.62) target price on shares of Xaar in a research note on Tuesday, June 2nd.
The firm has a market cap of $66.58 million and a price-to-earnings ratio of -0.92. The company has a quick ratio of 2.40, a current ratio of 3.57 and a debt-to-equity ratio of 5.62. The company’s 50-day moving average price is GBX 63 and its 200-day moving average price is GBX 47.14.
Xaar plc develops digital inkjet technology in Europe, the Middle East, Africa, Asia, and the Americas. It operates in two segments, Product Sales, Commissions and Fees; and Royalties. The company designs and manufactures piezoelectric drop-on-demand industrial inkjet print heads, product decoration systems, industrial 3d printing systems, inks and fluids, and systems components.
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