Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) were down 14.3% during mid-day trading on Wednesday . The company traded as low as GBX 89.30 ($1.15) and last traded at GBX 90.10 ($1.16). Approximately 50,400,641 shares were traded during mid-day trading, an increase of 478% from the average daily volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.36).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. reiterated 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.com, Oxford Nanopore Technologies currently has a consensus rating of "Buy" and an average price target of GBX 235.50 ($3.04).
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Oxford Nanopore Technologies Stock Up 10.0 %
The stock has a 50 day moving average price of GBX 129.81 and a 200-day moving average price of GBX 137.78. The stock has a market capitalization of £969.93 million, a P/E ratio of -5.50 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.
Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its 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 return on equity of 26.02% and a negative net margin of 94.82%.
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