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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)'s stock price was up 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 were traded 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 Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated 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, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 235.50 ($3.05).

Get Our Latest Research Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Trading Up 3.3 %

The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The business's 50-day simple moving average is GBX 128.55 and its two-hundred day simple moving average is GBX 137.37. The stock has a market capitalization of £951.89 million, a price-to-earnings ratio of -5.40 and a beta of 0.80.

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

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Insider Transactions at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider John O'Higgins purchased 77,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of GBX 97 ($1.26) per share, for a total transaction of £74,690 ($96,698.60). Over the last three months, insiders have bought 77,223 shares of company stock valued at $7,499,090. Corporate insiders own 32.62% of the company's stock.

About Oxford Nanopore Technologies

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