Oxford Instruments (LON:OXIG) Stock Crosses Above 200 Day Moving Average – Here’s Why

Oxford Instruments plc (LON:OXIG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,826.21 ($24.67) and traded as high as GBX 1,852 ($25.01). Oxford Instruments shares last traded at GBX 1,834 ($24.77), with a volume of 2,360,255 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Berenberg Bank decreased their price objective on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a “buy” rating for the company in a research note on Monday, July 14th. Shore Capital decreased their price target on shares of Oxford Instruments from GBX 2,800 to GBX 2,600 and set a “buy” rating for the company in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 1,731.67.

Oxford Instruments Stock Up 3.6%

The company has a market cap of £1.06 billion, a P/E ratio of 4,139.95, a P/E/G ratio of -3.56 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The business’s 50 day moving average is GBX 1,883.27 and its 200 day moving average is GBX 1,826.21.

Oxford Instruments (LON:OXIG) last issued its quarterly earnings data on Friday, June 13th. The company reported GBX 112.40 EPS for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. As a group, equities analysts anticipate that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oxford Instruments news, insider Richard Tyson acquired 7,479 shares of Oxford Instruments stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average price of GBX 1,942 per share, with a total value of £145,242.18. Insiders have purchased a total of 15,407 shares of company stock valued at $29,569,147 over the last ninety days. Insiders own 1.43% of the company’s stock.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.