Insider Buying: Oxford Instruments plc (LON:OXIG) Insider Acquires 16,000 Shares of Stock

Oxford Instruments plc (LON:OXIG) insider Neil A. P. Carson purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of GBX 2,021 ($24.82) per share, with a total value of £323,360 ($397,101.81).

Oxford Instruments Stock Up 3.4 %

OXIG stock opened at GBX 2,125 ($26.10) on Wednesday. The company has a 50 day moving average of GBX 2,020.69 and a two-hundred day moving average of GBX 2,374.17. The company has a market cap of £1.23 billion, a price-to-earnings ratio of 2,125.00, a PEG ratio of -3.56 and a beta of 0.93. Oxford Instruments plc has a 12-month low of GBX 1,634 ($20.07) and a 12-month high of GBX 2,884.80 ($35.43). The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 12.76.

Oxford Instruments Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 30th will be given a GBX 4.90 ($0.06) dividend. This represents a yield of 0.25%. The ex-dividend date is Thursday, November 30th. Oxford Instruments’s payout ratio is currently 2,000.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OXIG shares. Shore Capital restated a “buy” rating on shares of Oxford Instruments in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 350 ($4.30) price target on shares of Oxford Instruments in a report on Tuesday, July 18th. Two analysts have 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 currently has an average rating of “Moderate Buy” and an average target price of GBX 2,414 ($29.65).

About Oxford Instruments

Oxford Instruments plc provides technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force microscopy products; tools for use in research and development across a range of applications, including semiconductors, renewable energy, mining, metallurgy, and forensics; etch and deposition processing equipment and solutions for use in power and RF devices, VCSELs/lasers, 2D materials, augmented reality, biomems, failure analysis, HBLEDs, infrared sensors, MEMS and sensors, and quantum; and low temperature systems comprising wet systems, dry systems, magnets, cryogenics, and accessories.