Oxford Instruments (OTCMKTS:OXINF) Shares Down 9% – Here’s Why

Oxford Instruments PLC (OTCMKTS:OXINF) shares were down 9% on Monday . The stock traded as low as $35.20 and last traded at $35.20. Approximately 638 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,560 shares. The stock had previously closed at $38.6650.

Analysts Set New Price Targets

Several brokerages have recently commented on OXINF. Berenberg Bank cut shares of Oxford Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Jefferies Financial Group restated a “hold” rating on shares of Oxford Instruments in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Oxford Instruments in a report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Oxford Instruments Price Performance

The company’s fifty day moving average price is $38.31 and its 200 day moving average price is $37.28.

About Oxford Instruments

Oxford Instruments plc is a United Kingdom-based provider of advanced scientific instruments and systems used in research, industrial development and semiconductor manufacturing. The company develops technologies that enable customers to analyze, characterize and manipulate materials at very small scales and under specialized conditions.

Its products and services include microscopy and imaging systems, analytical instruments, cryogenic equipment, superconducting magnets, low-temperature measurement systems and tools for nanoscience research.