Oxford Instruments (LON:OXIG) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Oxford Instruments plc (LON:OXIG) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,241.65 ($28.21) and traded as low as GBX 2,060 ($25.92). Oxford Instruments shares last traded at GBX 2,105 ($26.49), with a volume of 25,513 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on OXIG shares. Shore Capital restated a “buy” rating on shares of Oxford Instruments in a research report on Wednesday, October 16th. Berenberg Bank lowered their target price on Oxford Instruments from GBX 2,925 ($36.81) to GBX 2,830 ($35.61) and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Oxford Instruments Trading Up 0.2 %

The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 2,447.67, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The business’s 50 day moving average price is GBX 2,100.47 and its 200-day moving average price is GBX 2,240.70. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

Oxford Instruments Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 5.10 ($0.06) per share. This represents a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, November 28th. Oxford Instruments’s dividend payout ratio (DPR) is 2,441.86%.

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.