Oxford Instruments (OTCMKTS:OXINF) Shares Gap Up – Still a Buy?

Oxford Instruments PLC (OTCMKTS:OXINF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $35.00, but opened at $36.25. Oxford Instruments shares last traded at $36.25, with a volume of 175 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on OXINF shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Oxford Instruments in a report on Thursday. Berenberg Bank cut shares of Oxford Instruments from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Oxford Instruments in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Oxford Instruments currently has a consensus rating of “Hold”.

Oxford Instruments Stock Up 2.1%

The business has a 50 day simple moving average of $38.20 and a 200-day simple moving average of $37.29.

Oxford Instruments Company Profile

Oxford Instruments plc is a United Kingdom-based provider of advanced scientific instruments and systems used in research, industrial development and semiconductor manufacturing. The company develops technologies that enable customers to analyze, characterize and manipulate materials at very small scales and under specialized conditions.

Its products and services include microscopy and imaging systems, analytical instruments, cryogenic equipment, superconducting magnets, low-temperature measurement systems and tools for nanoscience research.