Oxford Instruments (LON:OXIG) Stock Price Crosses Above 200-Day Moving Average of $2,135.39

Oxford Instruments plc (LON:OXIG – Get Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,135.39 ($26.17) and traded as high as GBX 2,325 ($28.49). Oxford Instruments shares last traded at GBX 2,275 ($27.88), with a volume of 62,236 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on OXIG shares. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a research note on Tuesday, June 14th. Berenberg Bank cut their target price on Oxford Instruments from GBX 2,750 ($33.70) to GBX 2,000 ($24.51) and set a “buy” rating on the stock in a research note on Tuesday, July 5th.

Oxford Instruments Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.53 and a debt-to-equity ratio of 9.13. The company has a market cap of £1.31 billion and a PE ratio of 3,446.97. The firm has a 50 day simple moving average of GBX 2,116.27 and a 200-day simple moving average of GBX 2,135.39.

Oxford Instruments Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Thursday, July 14th will be issued a GBX 13.70 ($0.17) dividend. This represents a yield of 0.64%. The ex-dividend date is Thursday, July 14th. This is an increase from Oxford Instruments’s previous dividend of $4.40. Oxford Instruments’s dividend payout ratio (DPR) is currently 26.21%.

Insiders Place Their Bets

In other Oxford Instruments news, insider Gavin Hill purchased 858 shares of the stock in a transaction on Friday, July 22nd. The stock was acquired at an average price of GBX 2,205 ($27.02) per share, with a total value of £18,918.90 ($23,182.09).

Oxford Instruments Company Profile

(Get Rating)

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom, China, Japan, the United States, Germany, rest of Europe, rest of Asia, and internationally. It operates through e Materials & Characterisation, Research & Discovery, and Service & Healthcare.

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