Xaar (XAR)

Sector:

Engineering

Index:

FTSE Small Cap

97.60p
   
  • Change Today:
    -2.40p
  • 52 Week High: 184.00
  • 52 Week Low: 91.20
  • Currency: UK Pounds
  • Shares Issued: 79.46m
  • Volume: 19,745
  • Market Cap: £77.56m
  • RiskGrade: 326
  • Beta: 0.00

Xaar shares drop as "challenging" conditions hit H1 sales

By Benjamin Chiou

Date: Tuesday 30 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Xaar dropped on Tuesday after the inkjet printing tech group guided to a 16% drop in revenues for the first half.
The company, which is due to report its interim results in September, said trading over the first six months of the year has "continued to reflect the previously reported challenging market conditions".

Xaar said in March that, due to the geopolitical and macro environment, OEM machine launches were taking longer than expected.

Revenues for the first half are now expected to be just £29m, down from £34.5m the year before.

However, the company said it remains well capitalised with net cash at 30 June of £6.8m, up from £5.7m at the start of the year.

Shares were down 7.3% at 137.67p by 1238 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Xaar Market Data

Currency UK Pounds
Share Price 97.60p
Change Today -2.40p
% Change -2.40 %
52 Week High 184.00
52 Week Low 91.20
Volume 19,745
Shares Issued 79.46m
Market Cap £77.56m
Beta 0.00
RiskGrade 326

Xaar Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.86% below the market average45.86% below the market average45.86% below the market average45.86% below the market average45.86% below the market average
35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average
Price Trend
69.86% below the market average69.86% below the market average69.86% below the market average69.86% below the market average69.86% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income Not Available
Growth
76.4% below the market average76.4% below the market average76.4% below the market average76.4% below the market average76.4% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Xaar Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Sep-18 31-May-18
Paid 12-Oct-18 29-Jun-18
Amount 1.00p 6.80p

Trades for 18-Sep-2024

Time Volume / Share Price
10:53 84 @ 99.80p
10:10 2,250 @ 98.29p
10:06 300 @ 98.27p
10:01 1,000 @ 99.80p
09:15 996 @ 99.44p

Xaar Key Personnel

Chair Andrew C Herbert
CEO John Mills
CFO Ian Tichias

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