Oxford Instruments (LON:OXIG) Stock Crosses Above 200-Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemOxford Instruments plc (LON:OXIG – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,892.01 and traded as high as GBX 2,065. Oxford Instruments shares last traded at GBX 2,040, with a volume of 1,491,671 shares traded.
Analyst Ratings Changes
Several equities analysts have recently weighed in on OXIG shares. Berenberg Bank reduced their target price on shares of Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating for the company in a research note on Monday, October 13th. Peel Hunt restated a “buy” rating and set a GBX 2,400 target price on shares of Oxford Instruments in a research report on Monday, October 13th. Shore Capital reiterated a “buy” rating and issued a GBX 2,600 price target on shares of Oxford Instruments in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,487.
Check Out Our Latest Stock Report on Oxford Instruments
Oxford Instruments Price Performance
The business has a 50 day simple moving average of GBX 1,949.22 and a two-hundred day simple moving average of GBX 1,894.35. The firm has a market capitalization of £1.16 billion, a P/E ratio of 87.13, 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 quick ratio of 1.11 and a current ratio of 1.64.
Oxford Instruments (LON:OXIG – Get Free Report) last issued its quarterly earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. On average, sell-side analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.
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.