Oxford Instruments (LON:OXIG) Sets New 12-Month Low – Here’s Why

Oxford Instruments plc (LON:OXIG) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,796 ($23.12) and last traded at GBX 1,802 ($23.20), with a volume of 4506845 shares changing hands. The stock had previously closed at GBX 1,856 ($23.90).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 95 ($1.22) price target on shares of Oxford Instruments in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Oxford Instruments has an average rating of “Moderate Buy” and a consensus target price of GBX 1,978.75 ($25.48).

Oxford Instruments Price Performance

The company’s 50 day simple moving average is GBX 1,978.52 and its 200 day simple moving average is GBX 2,048.32. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market cap of £1.04 billion, a P/E ratio of 20.47, a P/E/G ratio of -3.56 and a beta of 0.96.

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.