Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price dropped 10.2% during mid-day trading on Monday . The company traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). Approximately 3,354,197 shares traded hands during trading, an increase of 54% from the average daily volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).
Wall Street Analyst Weigh In
ONT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 190 ($2.38) price target on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 282 ($3.54) price target on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 235.50 ($2.95).
Check Out Our Latest Research Report on ONT
Oxford Nanopore Technologies Stock Performance
The firm has a market capitalization of £1.21 billion, a price-to-earnings ratio of -642.50 and a beta of 0.80. The firm's 50-day moving average price is GBX 142.50 and its two-hundred day moving average price is GBX 129.78. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.
Insiders Place Their Bets
In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,548,791.30). Insiders acquired a total of 310 shares of company stock worth $45,010 over the last quarter. Company insiders own 32.62% of the company's stock.
Oxford Nanopore Technologies Company Profile
(
Get Free Report)
Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.
Further Reading
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