Oxford Instruments (OTCMKTS:OXINF) Hits New 52-Week High – Should You Buy?

Shares of Oxford Instruments PLC (OTCMKTS:OXINF) hit a new 52-week high during trading on Thursday . The stock traded as high as $30.50 and last traded at $30.50, with a volume of 500 shares changing hands. The stock had previously closed at $24.0750.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Oxford Instruments in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Instruments presently has a consensus rating of “Buy”.

Oxford Instruments Trading Up 26.7%

The business’s fifty day moving average is $23.95 and its 200-day moving average is $25.07.

About Oxford Instruments

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.