Oxford Instruments (LON:OXIG) Trading Down 9.5% – Here’s What Happened

Oxford Instruments plc (LON:OXIG) shares traded down 9.5% on Monday . The stock traded as low as GBX 1,770 ($23.61) and last traded at GBX 1,798 ($23.99). 232,555 shares were traded during trading, an increase of 16% from the average session volume of 200,381 shares. The stock had previously closed at GBX 1,985.78 ($26.49).

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Shore Capital cut their price objective on shares of Oxford Instruments from GBX 2,800 to GBX 2,600 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Berenberg Bank cut their price objective on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a “buy” rating on the stock in a research report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 1,731.67.

Oxford Instruments Stock Performance

The company has a market cap of £1.01 billion, a P/E ratio of 3,995.10, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The stock’s 50-day moving average price is GBX 1,857.73 and its 200 day moving average price is GBX 1,822.86.

Insider Buying and Selling

In other news, insider Paul Fry purchased 98 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were bought at an average price of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson purchased 7,479 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was purchased at an average cost of GBX 1,942 per share, for a total transaction of £145,242.18. In the last three months, insiders bought 7,652 shares of company stock worth $14,839,734. Insiders own 1.43% of the company’s stock.

Oxford Instruments Company Profile

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.