Oxford Instruments (LON:OXIG) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Oxford Instruments plc (LON:OXIG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,755.55 and traded as high as GBX 2,850. Oxford Instruments shares last traded at GBX 2,820, with a volume of 14,656,651 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OXIG shares. JPMorgan Chase & Co. raised their price target on shares of 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research report on Wednesday, June 10th. Berenberg Bank increased their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a report on Wednesday, April 15th. 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 has an average rating of “Moderate Buy” and a consensus target price of GBX 2,781.67.

Oxford Instruments Price Performance

The firm has a market capitalization of £1.60 billion, a PE ratio of 34.62, a PEG ratio of -3.56 and a beta of 1.11. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11. The firm has a 50-day simple moving average of GBX 2,950.55 and a 200-day simple moving average of GBX 2,759.36.

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

Insider Activity at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson sold 11,124 shares of the firm’s stock in a transaction that occurred on 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 the company’s stock in a transaction dated Friday, July 24th. The stock was acquired at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Insiders own 1.50% of the company’s stock.

Oxford Instruments Company Profile