Oxford Instruments (LON:OXIG) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Oxford Instruments plc (LON:OXIG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,818.32 ($24.51) and traded as high as GBX 1,894 ($25.53). Oxford Instruments shares last traded at GBX 1,893.85 ($25.53), with a volume of 134,678 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on OXIG shares. Shore Capital dropped their price target on Oxford Instruments from GBX 2,800 to GBX 2,600 and set a “buy” rating for the company in a research report on Thursday, July 31st. Berenberg Bank dropped 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 report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,731.67.

Oxford Instruments Stock Up 2.5%

The company has a 50-day simple moving average of GBX 1,838.54 and a 200-day simple moving average of GBX 1,818.32. The firm has a market cap of £1.08 billion, a PE ratio of 4,275.05, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

Insider Activity at Oxford Instruments

In other news, insider Richard Tyson purchased 66 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of GBX 1,824 per share, for a total transaction of £1,203.84. Also, insider Paul Fry purchased 98 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of GBX 1,824 per share, with a total value of £1,787.52. Insiders have bought 7,659 shares of company stock valued at $14,853,755 in the last ninety days. Insiders own 1.43% of the company’s stock.

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.