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

Xaar plc (LON:XAR) was up 10.6% during mid-day trading on Tuesday following insider buying activity. The company 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 the firm’s stock in a transaction dated Monday, March 31st. The stock was bought at an average price of GBX 105 ($1.36) per share, with a total value of £5,250 ($6,782.95).

Xaar Stock Performance

The company has a market capitalization of £82.33 million, a price-to-earnings ratio of -23.66, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66. The stock has a 50 day moving average of GBX 72.53 and a 200 day moving average of GBX 81.20. 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 posted 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 net margin of 5.32% and a negative return on equity of 4.85%. As a group, analysts predict 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.