Oxford Instruments (LON:OXIG) Trading Down 9.5% - Here's What Happened

Key Points

• Oxford Instruments shares fell by 9.5%, trading between GBX 1,770 and GBX 1,798, with an increase in trading volume to approximately 232,555 shares.
• Analysts have downgraded the company's target price, with Shore Capital lowering it from GBX 2,800 to GBX 2,600 while still maintaining a "buy" rating.
• Insiders have been active in purchasing shares, with notable acquisitions including 98 shares by Paul Fry and 66 shares by Richard Tyson at an average cost of GBX 1,824.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares dropped 9.5% during trading on Monday . The stock traded as low as GBX 1,770 ($23.61) and last traded at GBX 1,798 ($23.99). Approximately 232,555 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 200,381 shares. The stock had previously closed at GBX 1,985.78 ($26.49).

Analyst Upgrades and Downgrades

OXIG has been the subject of several recent analyst reports. Shore Capital decreased their target price 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 decreased their target price 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, Oxford Instruments has an average rating of "Buy" and a consensus target price of GBX 1,731.67.

Oxford Instruments Stock Down 10.9%

The business's 50-day moving average price is GBX 1,857.73 and its 200-day moving average price is GBX 1,822.86. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The firm has a market capitalization of £1.01 billion, a PE ratio of 3,995.10, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96.

Insider Buying and Selling

In related news, insider Paul Fry purchased 98 shares of Oxford Instruments stock in a transaction dated Wednesday, September 10th. The stock was acquired at an average cost of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson purchased 66 shares of Oxford Instruments stock in a transaction dated Wednesday, September 10th. The stock was bought at an average cost of GBX 1,824 per share, with a total value of £1,203.84. Insiders bought 7,652 shares of company stock valued at $14,839,734 over the last three months. 1.43% of the stock is owned by insiders.

Oxford Instruments Company Profile

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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