Oxford Instruments (LON:OXIG) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Oxford Instruments' stock crossed above its 200-day moving average during trading, indicating a positive trend, with shares last trading at GBX 1,834 ($24.77).
• Several analysts have recently adjusted their price targets for the stock, with Berenberg Bank setting a new target at GBX 2,500, while Shore Capital reduced theirs to GBX 2,600, both maintaining a "buy" rating.
• The company reported a net margin of 10.78% and a return on equity of 14.14%, with expectations to post approximately £117.71 earnings per share for the current fiscal year.

Shares of Oxford Instruments plc (LON:OXIG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,826.21 ($24.80) and traded as high as GBX 1,852 ($25.15). Oxford Instruments shares last traded at GBX 1,834 ($24.90), with a volume of 2,360,255 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OXIG. Shore Capital reduced 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 report on Thursday, July 31st. Berenberg Bank dropped 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oxford Instruments has a consensus rating of "Buy" and an average target price of GBX 1,731.67.

Oxford Instruments Price Performance

The stock has a market capitalization of £1.06 billion, a PE ratio of 4,180.59, a PEG ratio of -3.56 and a beta of 0.96. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. The company's 50 day simple moving average is GBX 1,875.05 and its 200 day simple moving average is GBX 1,820.89.

Oxford Instruments (LON:OXIG - Get Free Report) last released its earnings results 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%. On average, equities analysts anticipate that Oxford Instruments plc will post 117.7149452 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Tyson purchased 7,479 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were bought at an average price of GBX 1,942 per share, for a total transaction of £145,242.18. Also, insider Paul Fry purchased 98 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was bought at an average price of GBX 1,824 per share, for a total transaction of £1,787.52. In the last quarter, insiders acquired 15,563 shares of company stock worth $29,853,147. 1.43% of the stock is owned by company 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.