Oxford Instruments (OTCMKTS:OXINF) Reaches New 12-Month High – Time to Buy?

Oxford Instruments PLC (OTCMKTS:OXINF)’s stock price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $43.00 and last traded at $42.7452, with a volume of 2103 shares changing hands. The stock had previously closed at $40.89.

Wall Street Analyst Weigh In

OXINF has been the topic of a number of research analyst reports. Berenberg Bank downgraded Oxford Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group restated a “hold” rating on shares of Oxford Instruments in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Oxford Instruments in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Oxford Instruments has an average rating of “Hold”.

Oxford Instruments Trading Up 4.5%

The company has a 50-day simple moving average of $34.64 and a two-hundred day simple moving average of $30.27. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 0.07.

About Oxford Instruments

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.