Oxford Instruments (LON:OXIG) Reaches New 52-Week Low – What’s Next?

Oxford Instruments plc (LON:OXIG)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 1,928 ($23.98) and last traded at GBX 1,928 ($23.98), with a volume of 59182 shares changing hands. The stock had previously closed at GBX 2,005 ($24.93).

Analysts Set New Price Targets

A number of brokerages recently issued reports on OXIG. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a research report on Wednesday, October 16th. Berenberg Bank cut their target price on shares of Oxford Instruments from GBX 2,925 ($36.38) to GBX 2,830 ($35.19) and set a “buy” rating for the company in a research note on Tuesday, November 12th.

Oxford Instruments Trading Down 3.8 %

The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The business’s fifty day moving average is GBX 2,083.29 and its two-hundred day moving average is GBX 2,142.65. The firm has a market cap of £1.12 billion, a price-to-earnings ratio of 2,241.86, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG) last released its earnings results on Tuesday, November 12th. The company reported GBX 44.70 ($0.56) earnings per share for the quarter. Oxford Instruments had a return on equity of 14.29% and a net margin of 10.78%. Equities analysts anticipate that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Oxford Instruments Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, November 28th were given a dividend of GBX 5.10 ($0.06) per share. This represents a dividend yield of 0.24%. The ex-dividend date was Thursday, November 28th. Oxford Instruments’s dividend payout ratio is 2,441.86%.

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.