Oxford Nanopore Technologies (LON:ONT) Shares Down 0.5% - What's Next?

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) traded down 0.5% during mid-day trading on Thursday . The stock traded as low as GBX 117.70 ($1.60) and last traded at GBX 120.18 ($1.63). 3,542,596 shares traded hands during trading, a decline of 51% from the average session volume of 7,285,690 shares. The stock had previously closed at GBX 120.80 ($1.64).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on Oxford Nanopore Technologies from GBX 282 ($3.83) to GBX 250 ($3.39) and set a "buy" rating for the company in a research note on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Performance

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's 50-day moving average price is GBX 119.67 and its 200-day moving average price is GBX 125.98. The company has a market capitalization of £1.14 billion, a P/E ratio of -6.47 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.22)) earnings per share 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 related news, insider Kate Priestman purchased 17,726 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of GBX 112 ($1.52) per share, with a total value of £19,853.12 ($26,959.70). Also, insider Gurdial (Gordon) Sanghera sold 20,188 shares of Oxford Nanopore Technologies stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.62), for a total value of £24,023.72 ($32,623.19). Insiders purchased 94,967 shares of company stock worth $9,484,284 over the last three months. Corporate insiders own 32.62% of the company's stock.

Oxford Nanopore Technologies Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.