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Oxford Nanopore Technologies (LON:ONT) Stock Price Down 3% - Time to Sell?

Oxford Nanopore Technologies logo with Medical background

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) fell 3% during trading on Monday . The company traded as low as GBX 138.20 ($1.71) and last traded at GBX 141.37 ($1.75). 1,936,480 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 11,134,410 shares. The stock had previously closed at GBX 145.80 ($1.81).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 235.50 ($2.92).

Read Our Latest Stock Analysis on ONT

Oxford Nanopore Technologies Price Performance

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 moving average price is GBX 142.24 and its two-hundred day moving average price is GBX 138.27. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of -663.41 and a beta of 0.80.

About Oxford Nanopore Technologies

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