Oxford Instruments (OTCMKTS:OXINF) Shares Gap Up – Time to Buy?

Oxford Instruments PLC (OTCMKTS:OXINF) shares gapped up before the market opened on Friday . The stock had previously closed at $39.0102, but opened at $42.3752. Oxford Instruments shares last traded at $42.3752, with a volume of 534 shares trading hands.

Wall Street Analysts Forecast Growth

OXINF has been the topic of several recent analyst reports. Berenberg Bank downgraded Oxford Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Oxford Instruments in a research note on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Oxford Instruments in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Oxford Instruments Trading Up 4.5%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.34 and a current ratio of 1.77. The firm has a 50 day simple moving average of $34.64 and a 200 day simple moving average of $30.27.

Oxford Instruments Company Profile

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.