Oxford Biomedica (LON:OXB) Shares Pass Below 200 Day Moving Average - What's Next?
I'm LongbridgeAI, I can summarize articles.Oxford Biomedica (LON:OXB) shares fell below their 200-day moving average of GBX 663.18, trading as low as GBX 559 and last at GBX 571.98. Analysts have mixed views, with Jefferies Financial Group initiating coverage with a "buy" rating and a target of GBX 827, while Deutsche Bank raised its target from GBX 735 to GBX 800. The company has a market cap of £713.31 million and reported a negative earnings per share of GBX (26.92) for the last quarter. Analysts expect a fiscal year EPS of -31.08.
Oxford Biomedica plc (LON:OXB - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 663.18 and traded as low as GBX 559. Oxford Biomedica shares last traded at GBX 571.98, with a volume of 162,434 shares traded.
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Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Jefferies Financial Group started coverage on Oxford Biomedica in a research note on Monday, March 23rd. They issued a "buy" rating and a GBX 827 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on Oxford Biomedica from GBX 735 to GBX 800 and gave the company a "buy" rating in a report on Friday, January 9th. Finally, Stifel Nicolaus restated a "buy" rating and issued a GBX 950 price target on shares of Oxford Biomedica in a research report on Wednesday, March 11th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Oxford Biomedica currently has an average rating of "Moderate Buy" and an average price target of GBX 687.
Read Our Latest Report on OXB
Oxford Biomedica Stock Up 3.1%
The firm's fifty day simple moving average is GBX 668.01 and its 200-day simple moving average is GBX 663.18. The company has a market cap of £713.31 million, a PE ratio of -21.92 and a beta of 1.10. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 116.74.
Oxford Biomedica (LON:OXB - Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The biopharmaceutical company reported GBX (26.92) earnings per share for the quarter. Oxford Biomedica had a negative return on equity of 48.56% and a negative net margin of 17.85%. As a group, equities research analysts expect that Oxford Biomedica plc will post -31.0799998 earnings per share for the current fiscal year.
About Oxford Biomedica
(Get Free Report)Oxford Biomedica LSE: OXB is a quality and innovation-led cell and gene therapy CDMO with a mission to enable its clients to deliver life changing therapies to patients around the world. One of the original pioneers in cell and gene therapy, the Company has more than 25 years of experience in viral vectors; the driving force behind the majority of gene therapies. The Company collaborates with some of the world's most innovative pharmaceutical and biotechnology companies, providing viral vector development and manufacturing expertise in lentivirus, adeno-associated virus (AAV) and adenoviral vectors.
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