Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 10% during trading on Saturday . The stock traded as high as GBX 103.10 ($1.34) and last traded at GBX 102.20 ($1.33). 217,104,266 shares traded hands during mid-day trading, an increase of 1,552% from the average session volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five investment 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 ($3.05).
Read Our Latest Stock Analysis on ONT
Oxford Nanopore Technologies Stock Up 3.3 %
The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm has a market capitalization of £951.89 million, a PE ratio of -5.40 and a beta of 0.80. The company has a fifty day moving average price of GBX 127.98 and a 200-day moving average price of GBX 137.23.
Oxford Nanopore Technologies (LON:ONT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.
Insider Activity
In related news, insider John O'Higgins bought 77,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of GBX 97 ($1.26) per share, with a total value of £74,690 ($96,861.63). In the last three months, insiders have acquired 77,223 shares of company stock worth $7,499,090. 32.62% of the stock is currently owned by corporate insiders.
About Oxford Nanopore Technologies
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