Oxford Instruments (LON:OXIG) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Oxford Instruments plc (LON:OXIG) shares passed 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OXIG shares. Berenberg Bank dropped their price target on shares of Oxford Instruments from GBX 2,925 ($36.81) to GBX 2,830 ($35.61) and set a “buy” rating for the company in a research report on Tuesday, November 12th. Shore Capital restated a “buy” rating on shares of Oxford Instruments in a report on Wednesday, October 16th.

Oxford Instruments Stock Performance

The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market capitalization of £1.22 billion, a PE ratio of 2,447.67, a PEG ratio of -3.56 and a beta of 0.96. The company has a 50 day moving average price of GBX 2,099.17 and a 200 day moving average price of GBX 2,241.65.

Oxford Instruments Cuts Dividend

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

About Oxford Instruments

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.