Oxford Instruments (LON:OXIG) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Oxford Instruments shares have surpassed their 200-day moving average, trading at GBX 1,893.85 ($25.53) which is above the average of GBX 1,818.32 ($24.51).
• Analysts have recently lowered their target prices for the stock, with Berenberg Bank adjusting it to GBX 2,500 while maintaining a "buy" rating.
• Insider Richard Tyson purchased 7,479 shares at an average price of GBX 1,942, indicating confidence in the company’s future prospects.

Oxford Instruments plc (LON:OXIG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,818.32 ($24.51) and traded as high as GBX 1,894 ($25.53). Oxford Instruments shares last traded at GBX 1,893.85 ($25.53), with a volume of 134,678 shares changing hands.

Wall Street Analyst Weigh In

OXIG has been the subject of a number of recent research reports. Berenberg Bank lowered their target price on 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 lowered their target price on 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 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 1,731.67.

Oxford Instruments Price Performance

The firm has a market cap of £1.08 billion, a P/E ratio of 4,275.05, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The business has a 50-day simple moving average of GBX 1,838.54 and a 200 day simple moving average of GBX 1,818.32. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64.

Insider Transactions at Oxford Instruments

In other news, insider Richard Tyson acquired 7,479 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was purchased at an average price of GBX 1,942 per share, for a total transaction of £145,242.18. Also, insider Paul Fry acquired 98 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were purchased at an average price of GBX 1,824 per share, with a total value of £1,787.52. In the last 90 days, insiders have bought 7,659 shares of company stock valued at $14,853,755. Company 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.

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