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

Xaar plc (LON:XAR) shot up 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). 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 ($1.21).

Specifically, insider Jacqueline Sutton purchased 5,000 shares of the business’s stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of GBX 105 ($1.36) per share, with a total value of £5,250 ($6,782.95). Also, insider Paul James acquired 14,841 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average cost of GBX 67 ($0.87) per share, with a total value of £9,943.47 ($12,846.86).

Xaar Trading Up 10.6 %

The firm’s 50-day simple moving average is GBX 72.12 and its 200-day simple moving average is GBX 81.22. The firm has a market capitalization of £82.33 million, a P/E ratio of -23.66, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19.

Xaar (LON:XAR) last announced its quarterly earnings data 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%. Analysts anticipate 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.