Oxford Nanopore Technologies (LON:ONT) Trading Down 14.3% - Here's What Happened

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was down 14.3% during trading on Tuesday . The stock 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 235.50 ($3.04).

Oxford Nanopore Technologies Price Performance

The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm 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 50-day moving average price of GBX 129.81 and a 200-day moving average price of GBX 137.78.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its quarterly 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%.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.