Xaar plc (LON:XAR – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 211.17 ($2.59) and traded as low as GBX 195 ($2.39). Xaar shares last traded at GBX 197.40 ($2.42), with a volume of 35,589 shares traded. […]
Xaar has reported a substantial turnaround in its 2021 results, and has announced plans to enter new markets such as textiles, wide-format and packaging with an aqueous printhead in the works that it believes will be “transformational”.
Xaar has acquired Megnajet and Technomation, whose businesses trade together under the name Megnajet and manufacture industrial ink management and supply systems for digital inkjet.