Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price shot up 10% during mid-day trading on Saturday . The stock traded as high as GBX 103.10 ($1.34) and last traded at GBX 102.20 ($1.33). 217,104,266 shares were traded during trading, an increase of 1,552% from the average session volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 235.50 ($3.05).
Check Out Our Latest Stock Report on ONT
Oxford Nanopore Technologies Stock Performance
The company has a market capitalization of £951.89 million, a price-to-earnings ratio of -5.40 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The stock has a 50-day simple moving average of GBX 127.98 and a 200-day simple moving average of GBX 137.23.
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 net margin of 94.82% and a negative return on equity of 26.02%.
Insider Activity
In other news, insider John O'Higgins acquired 77,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of GBX 97 ($1.26) per share, with a total value of £74,690 ($96,861.63). In the last 90 days, insiders have purchased 77,223 shares of company stock worth $7,499,090. 32.62% of the stock is currently owned by corporate insiders.
About Oxford Nanopore Technologies
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