Oxford Instruments (LON:OXIG) Shares Pass Above 200-Day Moving Average of $2,119.03

Oxford Instruments plc (LON:OXIG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,119.03 ($26.62) and traded as high as GBX 2,330 ($29.27). Oxford Instruments shares last traded at GBX 2,330 ($29.27), with a volume of 149,506 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Oxford Instruments in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Oxford Instruments has an average rating of “Moderate Buy” and an average target price of GBX 2,281 ($28.65).

Oxford Instruments Stock Down 1.1 %

The company has a debt-to-equity ratio of 16.33, a current ratio of 1.67 and a quick ratio of 1.11. The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 2,262.14, a PEG ratio of -3.56 and a beta of 0.97. The firm’s fifty day moving average is GBX 2,129.80 and its 200-day moving average is GBX 2,119.03.

About Oxford Instruments

Oxford Instruments plc designs and supplies 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, electron, and raman microscopy; deposition and etch tools; low temperature systems; optical imaging; nuclear magnetic resonance, modular optical spectroscopy; and x-ray.