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

Xaar plc (LON:XAR)’s share price rose 10.6% on Monday following insider buying activity. The stock traded as high as GBX 115.12 ($1.49) and last traded at GBX 104 ($1.34). Approximately 2,788,393 shares were traded during trading, an increase of 1,387% from the average daily volume of 187,455 shares. The stock had previously closed at GBX 94 ($1.21).

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

Xaar Stock Up 10.6 %

The company has a quick ratio of 1.31, a current ratio of 2.72 and a debt-to-equity ratio of 14.19. The business’s fifty day moving average price is GBX 72.53 and its 200 day moving average price is GBX 81.20. The firm has a market capitalization of £82.33 million, a PE ratio of -23.66, a PEG ratio of 3.73 and a beta of 1.66.

Xaar (LON:XAR) last posted its quarterly earnings data 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, equities research analysts forecast that Xaar plc will post 4.968795 earnings per share for the current fiscal 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.