Oxford Instruments (LON:OXIG) Posts Quarterly Earnings Results

Oxford Instruments (LON:OXIG) announced its quarterly earnings results on Tuesday. The company reported GBX 33 EPS for the quarter, Digital Look Earnings reports. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%.

Oxford Instruments Price Performance

OXIG opened at GBX 2,035.01 on Tuesday. The business has a fifty day moving average of GBX 1,870.20 and a 200 day moving average of GBX 1,855.13. Oxford Instruments has a 52-week low of GBX 1,470 and a 52-week high of GBX 2,200. 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 stock has a market cap of £1.15 billion, a P/E ratio of 45.94, a PEG ratio of -3.56 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OXIG shares. Shore Capital restated a “buy” rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a research report on Monday, October 13th. Peel Hunt reiterated a “buy” rating and issued a GBX 2,400 target price on shares of Oxford Instruments in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft decreased their price target on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. lowered their price target on Oxford Instruments from GBX 2,700 to GBX 2,500 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Finally, Berenberg Bank cut their price objective on shares of 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. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Oxford Instruments has an average rating of “Buy” and an average price target of GBX 2,467.

Insider Activity

In other Oxford Instruments news, insider Paul Fry bought 98 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were acquired at an average price of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson acquired 66 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of GBX 1,824 per share, for a total transaction of £1,203.84. 1.45% 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.