Gavin Hill Buys 7 Shares of Oxford Instruments plc (LON:OXIG) Stock

Oxford Instruments plc (LON:OXIG) insider Gavin Hill acquired 7 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of GBX 2,122 ($27.31) per share, with a total value of £148.54 ($191.15).

Gavin Hill also recently made the following trade(s):

• On Thursday, October 10th, Gavin Hill purchased 7 shares of Oxford Instruments stock. The stock was purchased at an average price of GBX 1,996 ($25.69) per share, with a total value of £139.72 ($179.80).
• On Tuesday, September 10th, Gavin Hill purchased 7 shares of Oxford Instruments stock. The shares were acquired at an average cost of GBX 2,184 ($28.10) per share, for a total transaction of £152.88 ($196.73).

Oxford Instruments Price Performance

Oxford Instruments stock opened at GBX 2,085 ($26.83) on Thursday. Oxford Instruments plc has a 1 year low of GBX 1,918 ($24.68) and a 1 year high of GBX 2,765 ($35.58). The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The company’s fifty day moving average price is GBX 2,094.33 and its 200 day moving average price is GBX 2,306.46. The stock has a market capitalization of £1.21 billion, a P/E ratio of 2,424.42, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 5.10 ($0.07) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.24%. Oxford Instruments’s payout ratio is 2,441.86%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OXIG. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a report on Wednesday, October 16th. Berenberg Bank decreased their price objective on shares of Oxford Instruments from GBX 2,925 ($37.64) to GBX 2,830 ($36.42) and set a “buy” rating for the company in a research report on Tuesday.

About Oxford Instruments

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.