Oxford Instruments (LON:OXIG) Shares Pass Above Two Hundred Day Moving Average of $2,109.11

Oxford Instruments plc (LON:OXIG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,109.11 ($26.05) and traded as high as GBX 2,125 ($26.25). Oxford Instruments shares last traded at GBX 2,125 ($26.25), with a volume of 41,381 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,281 ($28.17).

Oxford Instruments Trading Up 2.7 %

The company’s fifty day moving average price is GBX 2,120 and its two-hundred day moving average price is GBX 2,109.11. The company has a current ratio of 1.67, a quick ratio of 1.11 and a debt-to-equity ratio of 16.33. The firm has a market cap of £1.23 billion, a P/E ratio of 2,063.11, a price-to-earnings-growth ratio of -3.56 and a beta of 0.97.

About Oxford Instruments

Oxford Instruments plc designs and supplies technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and raman microscopy; deposition and etch tools; low temperature systems; optical imaging; nuclear magnetic resonance, modular optical spectroscopy; and x-ray.