Oxford Instruments (LON:OXIG) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Oxford Instruments plc (LON:OXIG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,241.65 ($28.21) and traded as low as GBX 2,060 ($25.92). Oxford Instruments shares last traded at GBX 2,105 ($26.49), with a volume of 25,513 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OXIG shares. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a report on Wednesday, October 16th. Berenberg Bank dropped their price objective on shares of Oxford Instruments from GBX 2,925 ($36.81) to GBX 2,830 ($35.61) and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Oxford Instruments Stock Up 0.2 %

The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The business has a 50 day simple moving average of GBX 2,099.17 and a 200 day simple moving average of GBX 2,241.65. The stock has a market cap of £1.22 billion, a PE ratio of 2,447.67, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 28th will be issued a GBX 5.10 ($0.06) dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 0.24%. Oxford Instruments’s dividend payout ratio is currently 2,441.86%.

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.