Oxford Instruments plc (LON:OXIG – Get Free Report) 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.
Check Out Our Latest Research Report on OXIG
Oxford Instruments Stock Performance
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.
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