Oxford Instruments (LON:OXIG) Stock Passes Above Two Hundred Day Moving Average of $1,246.27

Oxford Instruments plc (LON:OXIG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,246.27 and traded as high as $1,387.36. Oxford Instruments shares last traded at $1,376.00, with a volume of 18,110 shares traded.

OXIG has been the topic of several research reports. Peel Hunt reissued a “buy” rating and set a GBX 1,450 ($18.95) price target (up previously from GBX 1,300 ($16.99)) on shares of Oxford Instruments in a research report on Monday, September 9th. Shore Capital reaffirmed a “buy” rating on shares of Oxford Instruments in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, Oxford Instruments has an average rating of “Buy” and a consensus target price of GBX 1,282.50 ($16.76).

The company’s fifty day moving average is GBX 1,289.36 and its two-hundred day moving average is GBX 1,248.15. The stock has a market cap of $779.19 million and a price-to-earnings ratio of 26.46. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 18.55.

About Oxford Instruments (LON:OXIG)

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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