Oxford Instruments (LON:OXIG) Hits New 52-Week Low – Should You Sell?

Oxford Instruments plc (LON:OXIG) hit a new 52-week low on Friday . The company traded as low as GBX 1,850 ($23.90) and last traded at GBX 1,966.60 ($25.41), with a volume of 351 shares. The stock had previously closed at GBX 1,910 ($24.68).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on OXIG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 ($1.23) target price on shares of Oxford Instruments in a research note on Thursday, February 20th. Berenberg Bank dropped their price objective on Oxford Instruments from GBX 2,925 ($37.80) to GBX 2,830 ($36.57) and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Oxford Instruments currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,978.75 ($25.57).

Oxford Instruments Trading Down 0.2 %

The firm has a 50 day moving average of GBX 2,028.94 and a 200 day moving average of GBX 2,085.17. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The firm has a market cap of £1.10 billion, a PE ratio of 21.65, a P/E/G ratio of -3.56 and a beta of 0.96.

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.