Xaar (LON:XAR) Stock Passes Above 200 Day Moving Average of $47.14

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.

About Xaar (LON:XAR)

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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