Oxford Instruments (OTCMKTS:OXINF) Shares Gap Up – Time to Buy?

Oxford Instruments PLC (OTCMKTS:OXINF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $35.41, but opened at $38.6650. Oxford Instruments shares last traded at $38.6650, with a volume of 328 shares trading hands.

Analysts Set New Price Targets

OXINF has been the topic of several recent analyst reports. Berenberg Bank downgraded Oxford Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Oxford Instruments in a report on Wednesday, June 10th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oxford Instruments currently has a consensus rating of “Hold”.

Oxford Instruments Stock Performance

The firm’s fifty day moving average price is $39.16 and its 200 day moving average price is $37.11.

Oxford Instruments Company Profile

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.