Oxford Instruments (LON:OXIG) Shares Break Above 200 Day Moving Average – Here’s Why

Oxford Instruments plc (LON:OXIG – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 2,834.50 and traded as high as GBX 3,010. Oxford Instruments shares last traded at GBX 2,976, with a volume of 91,474 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OXIG shares. Jefferies Financial Group raised their price target on Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the company a “hold” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. boosted their price objective on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,883.33.

View Our Latest Analysis on OXIG

Oxford Instruments Stock Down 0.4%

The firm has a fifty day simple moving average of GBX 2,828.34 and a 200-day simple moving average of GBX 2,837.60. The company has a market capitalization of £1.65 billion, a P/E ratio of 35.93, a P/E/G ratio of -3.56 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08.

Insider Buying and Selling

In other Oxford Instruments news, insider Paul Fry bought 66 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of GBX 2,731 per share, with a total value of £1,802.46. Also, insider Richard Tyson purchased 65 shares of the stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of GBX 2,731 per share, for a total transaction of £1,775.15. Insiders bought 5,620 shares of company stock worth $17,066,277 over the last quarter. 1.55% of the stock is owned by corporate insiders.

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