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

Shares of Oxford Instruments plc (LON:OXIG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,820.11 and traded as low as GBX 2,794. Oxford Instruments shares last traded at GBX 2,837.45, with a volume of 2,664,558 shares traded.

Analysts Set New Price Targets

OXIG has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a report on Thursday, September 10th. Jefferies Financial Group lifted their target price on Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the company a “hold” rating in a research note on Thursday, September 10th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,883.33.

Oxford Instruments Stock Down 0.4%

The firm’s fifty day moving average is GBX 2,819.68 and its two-hundred day moving average is GBX 2,822.06. The firm has a market cap of £1.61 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of -3.56 and a beta of 1.09. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11.

Insider Buying and Selling

In other news, insider Paul Fry bought 66 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average price of GBX 2,731 per share, with a total value of £1,802.46. Also, insider Richard Tyson purchased 65 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of GBX 2,731 per share, with a total value of £1,775.15. Over the last ninety days, insiders bought 5,620 shares of company stock valued at $17,066,277. Company insiders own 1.55% of the company’s stock.

Oxford Instruments Company Profile