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Oxford Nanopore Technologies (LON:ONT) Stock Price Down 10.2% - What's Next?

Oxford Nanopore Technologies logo with Medical background

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was down 10.2% during mid-day trading on Tuesday . The company traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). Approximately 3,354,197 shares were traded during trading, an increase of 54% from the average daily volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 190 ($2.38) target price on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 282 ($3.54) target price on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies presently has an average rating of "Buy" and an average price target of GBX 235.50 ($2.95).

View Our Latest Stock Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Price Performance

The company has a 50 day simple moving average of GBX 142.16 and a 200 day simple moving average of GBX 129.77. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of -676.50 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.

Insider Transactions at Oxford Nanopore Technologies

In related news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of Oxford Nanopore Technologies stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.78), for a total transaction of £2,830,870.82 ($3,548,791.30). In the last quarter, insiders bought 310 shares of company stock worth $45,010. 32.62% of the stock is currently owned by company insiders.

Oxford Nanopore Technologies Company Profile

(Get Free Report)

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.

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