Oxford Instruments (LON:OXIG) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Oxford Instruments plc (LON:OXIG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,799 and traded as high as GBX 2,855.89. Oxford Instruments shares last traded at GBX 2,829.39, with a volume of 6,226,356 shares traded.

Analyst Ratings Changes

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

Oxford Instruments Trading Up 1.3%

The business’s 50 day moving average price is GBX 2,899.26 and its 200-day moving average price is GBX 2,801.20. The company has a market cap of £1.57 billion, a price-to-earnings ratio of 34.14, a PEG ratio of -3.56 and a beta of 1.09. The company has a debt-to-equity ratio of 13.08, a quick ratio of 1.11 and a current ratio of 1.83.

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

Insider Transactions at Oxford Instruments

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

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