Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares traded 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). 3,354,197 shares changed hands during trading, an increase of 54% from the average session volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).
Analyst Ratings Changes
A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 190 ($2.38) price target on shares of Oxford Nanopore Technologies in a research report 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 reissued a "buy" rating and issued a GBX 282 ($3.54) price target on shares of Oxford Nanopore Technologies in a report on Tuesday, September 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 235.50 ($2.95).
Check Out Our Latest Stock Report on Oxford Nanopore Technologies
Oxford Nanopore Technologies Price Performance
The business has a 50 day simple moving average of GBX 142.16 and a two-hundred day simple moving average of GBX 129.77. The firm has a market capitalization of £1.27 billion, a P/E ratio of -676.50 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.
Insider Transactions at Oxford Nanopore Technologies
In related news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,548,791.30). In the last ninety days, insiders purchased 310 shares of company stock valued at $45,010. Insiders own 32.62% of the company's stock.
About Oxford Nanopore Technologies
(
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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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