Oxford Instruments (LON:OXIG) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Oxford Instruments plc's stock has recently crossed above its 200-day moving average, with current shares trading at GBX 1,834 ($24.78).
• Analysts have lowered their price targets for the company, with Shore Capital updating its target to GBX 2,600 and Berenberg Bank to GBX 2,500, while maintaining a "buy" rating.
• Insider Richard Tyson purchased 7,479 shares at an average price of GBX 1,942 per share, indicating insider confidence in the stock.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,834.73 ($24.78) and traded as high as GBX 1,840 ($24.85). Oxford Instruments shares last traded at GBX 1,834 ($24.77), with a volume of 52,950 shares.

Analyst Ratings Changes

OXIG has been the subject of a number of recent research reports. Shore Capital cut their target price on Oxford Instruments from GBX 2,800 to GBX 2,600 and set a "buy" rating for the company in a research note on Thursday, July 31st. Berenberg Bank cut their target price on 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 MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 1,731.67.

Oxford Instruments Stock Up 0.4%

The business has a 50-day moving average of GBX 1,888.99 and a 200-day moving average of GBX 1,831.41. 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 £1.06 billion, a price-to-earnings ratio of 4,158.01, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG - Get Free Report) last issued its quarterly earnings data on Friday, June 13th. The company reported GBX 112.40 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. On average, sell-side analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current year.

Insider Activity

In other Oxford Instruments news, insider Richard Tyson acquired 7,479 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Over the last three months, insiders bought 15,407 shares of company stock worth $29,569,147. 1.42% of the stock is currently 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.