Oxford Instruments (LON:OXIG) Reaches New 1-Year Low – Here’s What Happened

Oxford Instruments plc (LON:OXIG)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 1,852 ($23.34) and last traded at GBX 1,898.64 ($23.93), with a volume of 48594 shares trading hands. The stock had previously closed at GBX 1,910 ($24.07).

Analyst Upgrades and Downgrades

OXIG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 ($1.20) price target on shares of Oxford Instruments in a report on Thursday, February 20th. Berenberg Bank cut their target price on Oxford Instruments from GBX 2,925 ($36.87) to GBX 2,830 ($35.67) and set a “buy” rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Oxford Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,978.75 ($24.94).

Oxford Instruments Trading Up 0.3 %

The company has a market cap of £1.11 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The company’s 50 day simple moving average is GBX 2,051.21 and its two-hundred day simple moving average is GBX 2,100.22. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.