Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 20.4% on Monday . The stock traded as high as GBX 164.30 ($2.01) and last traded at GBX 157.76 ($1.93). 22,145,789 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 29,453,256 shares. The stock had previously closed at GBX 131 ($1.60).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies presently has an average rating of "Buy" and a consensus price target of GBX 235.50 ($2.88).
Check Out Our Latest Report on Oxford Nanopore Technologies
Oxford Nanopore Technologies Stock Performance
The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of -713.50 and a beta of 0.80. The stock's 50-day simple moving average is GBX 138.86 and its 200 day simple moving average is GBX 133.03.
Insider Transactions at Oxford Nanopore Technologies
In other news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.73), for a total transaction of £2,830,870.82 ($3,456,074.74). Insiders have acquired 325 shares of company stock valued at $45,010 in the last three months. 32.62% of the stock is owned by corporate insiders.
About Oxford Nanopore Technologies
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