Oxford Instruments (LON:OXIG) Sets New 12-Month Low - What's Next?

Oxford Instruments plc (LON:OXIG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,852 ($23.69) and last traded at GBX 1,898.64 ($24.29), with a volume of 48594 shares traded. The stock had previously closed at GBX 1,910 ($24.43).

Wall Street Analysts Forecast Growth

OXIG has been the subject of a number of analyst reports. Berenberg Bank reduced their price objective on shares of Oxford Instruments from GBX 2,925 ($37.42) to GBX 2,830 ($36.20) and set a "buy" rating for the company in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 95 ($1.22) price objective on shares of Oxford Instruments in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Oxford Instruments presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,978.75 ($25.31).

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 firm has a market cap of £1.08 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The firm's fifty day moving average price is GBX 2,040.40 and its 200 day moving average price is GBX 2,091.94.

Oxford Instruments Company Profile

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.