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

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

Wall Street Analysts Forecast Growth

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

Oxford Instruments Trading Up 4.5%

The company has a fifty day moving average price of $34.64 and a 200 day moving average price of $30.27. The company has a quick ratio of 1.34, a current ratio of 1.77 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.