Oxford Instruments (OTCMKTS:OXINF) Hits New 52-Week High – Should You Buy?

Oxford Instruments PLC (OTCMKTS:OXINF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.50 and last traded at $30.50, with a volume of 500 shares trading hands. The stock had previously closed at $24.0750.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Oxford Instruments in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Oxford Instruments Trading Up 26.7%

The firm has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $25.07.

Oxford Instruments Company Profile

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.