Oxford Instruments (LON:OXIG) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Oxford Instruments plc (LON:OXIG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,871.39 and traded as high as GBX 2,030. Oxford Instruments shares last traded at GBX 1,982, with a volume of 4,880,934 shares.

Analyst Ratings Changes

Several brokerages have commented on OXIG. Deutsche Bank Aktiengesellschaft dropped their price objective on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a report on Monday, October 13th. Shore Capital reissued a “buy” rating and issued a GBX 2,600 price target on shares of Oxford Instruments in a research note on Tuesday, November 11th. Berenberg Bank dropped their price target on shares of Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 2,500 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,400 price objective on shares of Oxford Instruments in a report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 2,467.

Oxford Instruments Price Performance

The stock’s 50-day moving average price is GBX 1,900.82 and its 200 day moving average price is GBX 1,871.39. 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 firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 44.74, a PEG ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG) last announced its earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. Equities research analysts expect that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Insider Activity at Oxford Instruments

In other Oxford Instruments news, insider Paul Fry purchased 98 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of GBX 1,824 per share, for a total transaction of £1,787.52. Also, insider Richard Tyson purchased 66 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were acquired at an average price of GBX 1,824 per share, with a total value of £1,203.84. 1.45% of the stock is currently owned by corporate insiders.

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.