Oxford Instruments’ (OXIG) “Buy” Rating Reiterated at Shore Capital

Oxford Instruments (LON:OXIG)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a note issued to investors on Wednesday, LSE.Co.UK reports.

Oxford Instruments Trading Up 5.3 %

OXIG traded up GBX 102 ($1.33) during mid-day trading on Wednesday, hitting GBX 2,040 ($26.64). The stock had a trading volume of 156,865 shares, compared to its average volume of 93,969. The stock’s fifty day simple moving average is GBX 2,161.43 and its 200-day simple moving average is GBX 2,304.94. The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 2,344.83, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. Oxford Instruments has a 1-year low of GBX 1,634 ($21.34) and a 1-year high of GBX 2,765 ($36.11). The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11.

Insiders Place Their Bets

In related news, insider Gavin Hill sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of GBX 2,274 ($29.69), for a total value of £568,500 ($742,360.93). In other Oxford Instruments news, insider Richard Tyson bought 5,821 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average price of GBX 2,420 ($31.60) per share, for a total transaction of £140,868.20 ($183,949.07). Also, insider Gavin Hill sold 25,000 shares of Oxford Instruments stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of GBX 2,274 ($29.69), for a total transaction of £568,500 ($742,360.93). Insiders acquired 5,842 shares of company stock worth $14,132,971 over the last ninety days. 4.98% of the stock is currently owned by corporate insiders.

About Oxford Instruments

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.