Oxford Instruments (LON:OXIG) Reaches New 1-Year Low – Here’s Why

Oxford Instruments plc (LON:OXIG)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 1,850 ($23.84) and last traded at GBX 1,966.60 ($25.34), with a volume of 351 shares changing hands. The stock had previously closed at GBX 1,910 ($24.61).

Wall Street Analyst Weigh In

OXIG has been the subject of several recent analyst reports. Berenberg Bank lowered their target price on Oxford Instruments from GBX 2,925 ($37.69) to GBX 2,830 ($36.47) and set a “buy” rating for the company in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 ($1.22) target price on shares of Oxford Instruments in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oxford Instruments presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,978.75 ($25.50).

Oxford Instruments Stock Down 0.9 %

The firm has a market capitalization of £1.09 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of -3.56 and a beta of 0.96. The stock has a 50 day moving average of GBX 2,032.92 and a 200 day moving average of GBX 2,086.44. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96.

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.