Oxford Nanopore Technologies (LON:ONT) Shares Down 7.1% - Should You Sell?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price was down 7.1% during trading on Wednesday . The stock traded as low as GBX 131.40 ($1.71) and last traded at GBX 131.40 ($1.71). 1,443,446 shares were traded during trading, a decline of 25% from the average daily volume of 1,925,887 shares. The stock had previously closed at GBX 141.40 ($1.84).

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ONT shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 282 ($3.67) price target on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 190 ($2.47) price objective on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 235.50 ($3.07).

Oxford Nanopore Technologies Trading Up 2.0 %

The company has a market capitalization of £1.26 billion, a PE ratio of -669.50 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The company has a fifty day simple moving average of GBX 145.70 and a 200-day simple moving average of GBX 121.56.

Insider Activity at Oxford Nanopore Technologies

In other news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.85), for a total value of £2,830,870.82 ($3,685,070.06). In the last quarter, insiders bought 323 shares of company stock valued at $44,824. 32.62% of the stock is owned by insiders.

About Oxford Nanopore Technologies

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.