Oxford Instruments plc (OTCMKTS:OXINF)’s share price was down 6.8% on Wednesday . The company traded as low as $19.30 and last traded at $19.30, approximately 100 shares traded hands during trading. A decline of 94% from the average daily volume of 1,757 shares. The stock had previously closed at $20.70.
Separately, Zacks Investment Research raised shares of Oxford Instruments from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, January 31st.
The stock’s 50-day simple moving average is $20.46 and its two-hundred day simple moving average is $18.23.
Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom and internationally. It operates through Materials and Characterisation, Research and Discovery, and Service and Healthcare segments. The company offers atomic force microscopy products; tools for use in research and development across a range of applications, including semiconductors, renewable energy, mining, metallurgy, and forensics; etch and deposition tools, such as clustered cassette-to-cassette platforms for high-throughput production processing and compact stand-alone systems for research and development; and low temperature systems comprising dilution refrigerators, high field magnets, and cryostats.
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