Oxford Instruments PLC (OTCMKTS:OXINF – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 17,694 shares, a decrease of 52.6% from the May 31st total of 37,339 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 201 shares, the days-to-cover ratio is presently 88.0 days.
Oxford Instruments Price Performance
OTCMKTS:OXINF remained flat at $41.00 during mid-day trading on Tuesday. The company had a trading volume of 322 shares, compared to its average volume of 360. The firm’s 50-day moving average is $39.62 and its 200 day moving average is $33.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.77 and a quick ratio of 1.34. Oxford Instruments has a 52 week low of $23.70 and a 52 week high of $45.90.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on OXINF shares. Berenberg Bank lowered Oxford Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Oxford Instruments in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oxford Instruments has a consensus rating of “Hold”.
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.
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