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

Key Points

• Oxford Instruments shares have crossed above the 200-day moving average, indicating potential positive momentum, trading at GBX 2,015 ($26.80) as of recent sessions.
• Analysts have recently adjusted their price targets for the stock, with Berenberg Bank lowering its target from GBX 2,600 to GBX 2,500 while maintaining a "buy" rating.
• Insider transactions include purchases by Paul Fry and Richard Tyson, demonstrating confidence in the company, as insiders collectively acquired 7,652 shares in the last quarter.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,822.38 ($24.24) and traded as high as GBX 2,055 ($27.33). Oxford Instruments shares last traded at GBX 2,015 ($26.80), with a volume of 257,811 shares.

Analysts Set New Price Targets

OXIG has been the topic of a number of recent research reports. Berenberg Bank cut their price objective on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a "buy" rating on the stock in a report on Monday, July 14th. Shore Capital cut their price objective on shares of Oxford Instruments from GBX 2,800 to GBX 2,600 and set a "buy" rating on the stock in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 1,731.67.

Oxford Instruments Trading Down 0.5%

The stock's fifty day moving average price is GBX 1,853.89 and its 200 day moving average price is GBX 1,822.38. 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 stock has a market cap of £1.14 billion, a PE ratio of 4,525.96, a PEG ratio of -3.56 and a beta of 0.96.

Insider Buying and Selling

In other news, insider Paul Fry purchased 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, for a total transaction of £1,787.52. Also, insider Richard Tyson bought 66 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average price of GBX 1,824 per share, for a total transaction of £1,203.84. In the last quarter, insiders have bought 7,652 shares of company stock worth $14,839,734. Corporate insiders own 1.43% of the company's stock.

Oxford Instruments Company Profile

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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