Oxford Instruments (OTCMKTS:OXINF) Shares Gap Up – Still a Buy?

Oxford Instruments PLC (OTCMKTS:OXINF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $37.56, but opened at $39.7020. Oxford Instruments shares last traded at $40.35, with a volume of 706 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OXINF. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Oxford Instruments in a report on Tuesday, April 14th. Finally, Berenberg Bank downgraded Oxford Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Oxford Instruments has a consensus rating of “Hold”.

Oxford Instruments Stock Performance

The firm’s fifty day moving average is $38.69 and its 200-day moving average is $32.86. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 0.07.

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.