Oxford Metrics (LON:OMG) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Oxford Metrics plc (LON:OMG)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 48 and traded as low as GBX 43. Oxford Metrics shares last traded at GBX 43.69, with a volume of 443,653 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 85 price target on shares of Oxford Metrics in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 92.50.

Oxford Metrics Stock Up 0.5%

The company has a debt-to-equity ratio of 4.77, a current ratio of 7.47 and a quick ratio of 6.42. The stock has a market capitalization of £50.54 million, a PE ratio of -29.16 and a beta of 0.92. The company has a 50 day moving average price of GBX 41.65 and a 200-day moving average price of GBX 48.

Oxford Metrics announced that its board has approved a stock buyback program on Thursday, July 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About Oxford Metrics

Oxford Metrics is a smart sensing and software company that enables the interface between the real world and its virtual twin. Our smart sensing technology helps over 10,000 customers in more than 70 countries, including all of the world’s top 10 games companies and all of the top 20 universities worldwide.