Oxford Instruments (LON:OXIG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Oxford Instruments plc (LON:OXIG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,777.28 and traded as high as GBX 3,000. Oxford Instruments shares last traded at GBX 2,929.37, with a volume of 449,408 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Berenberg Bank increased their price target on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,781.67.

Oxford Instruments Stock Down 1.2%

The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. The company has a fifty day simple moving average of GBX 2,912.19 and a 200 day simple moving average of GBX 2,780.41. The firm has a market capitalization of £1.60 billion, a P/E ratio of 34.84, a P/E/G ratio of -3.56 and a beta of 1.09.

Oxford Instruments (LON:OXIG) last released its earnings results on Tuesday, June 9th. The company reported GBX 100.70 EPS for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.The firm had revenue of £423.20 million for the quarter. On average, equities analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.

Insider Activity

In other Oxford Instruments news, insider Richard Tyson sold 11,124 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 2,786, for a total transaction of £309,914.64. Also, insider Paul Fry acquired 2,335 shares of Oxford Instruments stock in a transaction on Friday, July 24th. The shares were purchased at an average price of GBX 3,044 per share, with a total value of £71,077.40. Corporate insiders own 1.50% of the company’s stock.

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