Oxford Instruments (LON:OXIG) Shares Cross Above 200 Day Moving Average – Should You Sell?

Oxford Instruments plc (LON:OXIGGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,718.61 and traded as high as GBX 3,050. Oxford Instruments shares last traded at GBX 3,018.62, with a volume of 3,310,278 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OXIG. JPMorgan Chase & Co. raised their price target on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a report on Wednesday, June 10th. Finally, Berenberg Bank raised their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,781.67.

Read Our Latest Report on Oxford Instruments

Oxford Instruments Price Performance

The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The business’s 50-day simple moving average is GBX 2,983.80 and its two-hundred day simple moving average is GBX 2,718.61. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of -3.56 and a beta of 1.11.

Oxford Instruments (LON:OXIGGet Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. The firm had revenue of £423.20 million for the quarter. As a group, research analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.

Oxford Instruments Company Profile

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