Oxford Instruments (LON:OXIG) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Oxford Instruments plc (LON:OXIG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,828 ($24.44) and traded as high as GBX 1,854 ($24.79). Oxford Instruments shares last traded at GBX 1,844 ($24.66), with a volume of 92,444 shares trading hands.

Analysts Set New Price Targets

OXIG has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Oxford Instruments from GBX 2,700 to GBX 2,500 and set an "overweight" rating on the stock in a research note on Tuesday, October 14th. Shore Capital restated a "buy" rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a research note on Monday, October 13th. Berenberg Bank dropped their price target on Oxford Instruments from GBX 2,500 to GBX 2,400 and set a "buy" rating on the stock in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a "buy" rating on the stock in a research report on Monday, October 13th. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 2,400 price target on shares of Oxford Instruments in a research report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of GBX 2,467.

Oxford Instruments Trading Up 0.4%

The business has a 50 day simple moving average of GBX 1,859.96 and a 200-day simple moving average of GBX 1,828. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market capitalization of £1.05 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96.

Insiders Place Their Bets

In other news, insider Paul Fry purchased 98 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was purchased at an average cost of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson acquired 7,479 shares of Oxford Instruments stock in a transaction dated Thursday, July 24th. The shares were bought at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Over the last ninety days, insiders have acquired 7,652 shares of company stock valued at $14,839,734. 1.43% 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.

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