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

Key Points

• Oxford Instruments (LON:OXIG) shares have crossed above their 200-day moving average, indicating potential bullish momentum, trading as high as GBX 1,854 ($25.22).
• Analysts have mixed views with target prices being adjusted; Shore Capital lowered its target from GBX 2,800 to GBX 2,600 while maintaining a "buy" rating.
• Insider purchases were noted, with two insiders acquiring shares at an average cost of GBX 1,824, indicating confidence in the company's future performance.

Oxford Instruments plc (LON:OXIG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,818.06 ($24.50) and traded as high as GBX 1,854 ($24.98). Oxford Instruments shares last traded at GBX 1,830 ($24.66), with a volume of 115,414 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OXIG. Shore Capital lowered 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 report on Thursday, July 31st. Berenberg Bank lowered their price target on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a "buy" rating for the company in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Instruments currently has an average rating of "Buy" and a consensus price target of GBX 1,731.67.

Oxford Instruments Stock Up 2.8%

The firm has a market capitalization of £1.08 billion, a price-to-earnings ratio of 4,275.40, a P/E/G ratio of -3.56 and a beta of 0.96. The stock has a fifty day moving average of GBX 1,854.80 and a two-hundred day moving average of GBX 1,817.51. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

Insiders Place Their Bets

In other news, insider Paul Fry purchased 98 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were acquired at an average price of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson purchased 66 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of GBX 1,824 per share, for a total transaction of £1,203.84. Insiders have acquired 15,563 shares of company stock worth $29,853,147 in the last ninety days. 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.