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Oxford Nanopore Technologies (LON:ONT) Trading Down 14.3% - Here's Why

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Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) traded down 14.3% during mid-day trading on Wednesday . The company traded as low as GBX 89.30 ($1.15) and last traded at GBX 90.10 ($1.16). 50,400,641 shares traded hands during mid-day trading, an increase of 478% from the average session volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.36).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Oxford Nanopore Technologies presently has an average rating of "Buy" and a consensus target price of GBX 235.50 ($3.04).

Check Out Our Latest Stock Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Stock Performance

The firm has a market capitalization of £969.93 million, a price-to-earnings ratio of -5.50 and a beta of 0.80. The stock's fifty day moving average is GBX 129.81 and its two-hundred day moving average is GBX 137.78. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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