Oxford Instruments (LON:OXIG) Sets New 1-Year Low at $120.30

Oxford Instruments plc (LON:OXIG) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 120.30 ($1.56) and last traded at GBX 2,275.24 ($29.56), with a volume of 115480 shares changing hands. The stock had previously closed at GBX 2,260 ($29.37).

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Oxford Instruments in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Oxford Instruments from GBX 2,400 ($31.19) to GBX 2,750 ($35.73) and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,240 ($29.11) price target on shares of Oxford Instruments in a research note on Wednesday, June 12th.

Oxford Instruments Stock Performance

The company’s 50 day moving average price is GBX 2,449.22 and its two-hundred day moving average price is GBX 2,307.20. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market capitalization of £1.31 billion, a PE ratio of 2,633.72, a P/E/G ratio of -3.56 and a beta of 0.97.

Oxford Instruments Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, August 20th. Investors of record on Thursday, July 11th were given a dividend of GBX 15.90 ($0.21) per share. This is a boost from Oxford Instruments’s previous dividend of $4.90. This represents a yield of 0.65%. The ex-dividend date of this dividend was Thursday, July 11th. Oxford Instruments’s dividend payout ratio (DPR) is presently 2,441.86%.

Insider Buying and Selling

In related news, insider Gavin Hill sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 2,274 ($29.55), for a total transaction of £568,500 ($738,695.43). In related news, insider Gavin Hill sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 2,274 ($29.55), for a total transaction of £568,500 ($738,695.43). Also, insider Richard Tyson acquired 5,821 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were purchased at an average price of GBX 2,420 ($31.44) per share, with a total value of £140,868.20 ($183,040.80). Over the last ninety days, insiders bought 5,834 shares of company stock worth $14,118,651. Insiders own 4.99% of the company’s stock.

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.