Oxford Nanopore Technologies (LON:ONT) Sets New 52-Week High - Should You Buy?

Key Points

• Oxford Nanopore Technologies' stock price reached a new 52-week high, trading at GBX 213.80 ($2.87) with high trading volume of 933,075 shares.
• Berenberg Bank has reissued a "buy" rating for the company, setting a target price of GBX 250 ($3.36) for its shares.
• Corporate insiders own 32.62% of the company's stock, with some selling shares recently amid varied trading activities.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 213.80 ($2.83) and last traded at GBX 212.81 ($2.82), with a volume of 933075 shares changing hands. The stock had previously closed at GBX 207.18 ($2.75).

Analysts Set New Price Targets

Several research firms have commented on ONT. Berenberg Bank reissued a "buy" rating and set a GBX 250 ($3.31) target price on shares of Oxford Nanopore Technologies in a research note on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 250 ($3.31) price objective on shares of Oxford Nanopore Technologies in a research note on Monday.

Oxford Nanopore Technologies Price Performance

The company's 50 day moving average price is GBX 142.25 and its 200-day moving average price is GBX 128.18. The company has a market cap of £1.94 billion, a price-to-earnings ratio of -11.00 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.

About Oxford Nanopore Technologies

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