Oxford Instruments (OTCMKTS:OXINF) Shares Gap Down – Here’s Why

Shares of Oxford Instruments PLC (OTCMKTS:OXINF) gapped down prior to trading on Friday . The stock had previously closed at $30.50, but opened at $29.0750. Oxford Instruments shares last traded at $29.0750, with a volume of 221 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Oxford Instruments in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Oxford Instruments Price Performance

The stock has a 50 day moving average of $24.03 and a 200 day moving average of $25.10.

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.