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Oxford Nanopore Technologies (LON:ONT) Trading 10% Higher - Here's What Happened

Oxford Nanopore Technologies logo with Medical background
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Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares rose 10% during trading on Saturday . The company traded as high as GBX 103.10 ($1.33) and last traded at GBX 102.20 ($1.32). Approximately 217,104,266 shares changed hands during mid-day trading, an increase of 1,552% from the average daily volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 235.50 ($3.05).

Check Out Our Latest Analysis on Oxford Nanopore Technologies

Oxford Nanopore Technologies Price Performance

The firm has a market capitalization of £951.89 million, a price-to-earnings ratio of -5.40 and a beta of 0.80. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The company's fifty day moving average is GBX 128.55 and its two-hundred day moving average is GBX 137.37.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its quarterly 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 net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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