Oxford Instruments (LON:OXIG) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Oxford Instruments shares have recently crossed above their 200-day moving average, trading at GBX 1,922 ($25.99), indicating potential upward momentum.
• Analysts have mixed opinions, with Berenberg Bank and Shore Capital reducing their price targets for the stock but maintaining a "buy" rating, suggesting cautious optimism.
• Recent insider trading activity shows significant purchases, including a purchase of 7,479 shares by insider Richard Tyson, which may indicate confidence in the company's future performance.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,816.88 ($24.57) and traded as high as GBX 1,931.56 ($26.12). Oxford Instruments shares last traded at GBX 1,922 ($25.99), with a volume of 141,919 shares traded.

Analyst Ratings Changes

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

Oxford Instruments Trading Up 0.8%

The company's fifty day moving average is GBX 1,850.98 and its two-hundred day moving average is GBX 1,816.88. The stock has a market cap of £1.11 billion, a price-to-earnings ratio of 4,374.72, a PEG ratio of -3.56 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96.

Insider Activity at Oxford Instruments

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.