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

Key Points

• Oxford Instruments' stock price has surpassed its 200-day moving average, trading at GBX 1,830, which raises questions about potential selling opportunities.
• Analyst ratings indicate a consensus "Buy" rating with an average price target of GBX 1,731.67, despite recent cuts in price targets by Shore Capital and Berenberg Bank.
• Insider activity showed significant purchases, with insiders acquiring over 15,407 shares in the past ninety days, indicating confidence in the company's future performance.

Oxford Instruments plc (LON:OXIG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,841.58 ($24.83) and traded as high as GBX 1,876 ($25.29). Oxford Instruments shares last traded at GBX 1,830 ($24.67), with a volume of 48,868 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on OXIG shares. Shore Capital dropped their target price on shares of Oxford Instruments from GBX 2,800 to GBX 2,600 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Berenberg Bank lowered 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 research report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Oxford Instruments presently has an average rating of "Buy" and an average target price of GBX 1,731.67.

Oxford Instruments Trading Down 2.1%

The company has a market cap of £1.06 billion, a P/E ratio of 20.81, a P/E/G ratio of -3.56 and a beta of 0.96. The stock's 50-day moving average is GBX 1,885.63 and its two-hundred day moving average is GBX 1,835.89. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

Oxford Instruments (LON:OXIG - Get Free Report) last announced 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%. As a group, equities research analysts predict that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oxford Instruments news, insider Richard Tyson bought 7,479 shares of Oxford Instruments stock in a transaction on Thursday, July 24th. The stock was acquired at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Insiders have purchased 15,407 shares of company stock worth $29,569,147 over the last three months. 4.98% of the stock is currently owned by corporate 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.