Oxford Instruments has been through a very difficult couple of years. End markets have been weak and there have been strong FX headwinds. This has been compounded by the ban on high tech exports to Russia and pricing pressure in MRI superconducting wire. The combination of these events resulted in a series of profit downgrades and a significant de-rating of the shares. However, just as the market got carried away with the attractions of the company in 2012/2013, when the PER rating was well i
16 Jun 2016
Finals - Risk/Reward balance getting more attractive
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Finals - Risk/Reward balance getting more attractive
Oxford Instruments plc (OXIG:LON) | 2,192 109.6 0.2% | Mkt Cap: 1,270m
- Published:
16 Jun 2016 -
Author:
Chris Thomas -
Pages:
3
Oxford Instruments has been through a very difficult couple of years. End markets have been weak and there have been strong FX headwinds. This has been compounded by the ban on high tech exports to Russia and pricing pressure in MRI superconducting wire. The combination of these events resulted in a series of profit downgrades and a significant de-rating of the shares. However, just as the market got carried away with the attractions of the company in 2012/2013, when the PER rating was well i