Oxford Nanopore Technologies (LON:ONT) Stock Price Down 12.8% - Time to Sell?

Key Points

• Shares of Oxford Nanopore Technologies fell by 12.8%, trading as low as GBX 159.96 ($2.17), amidst a significant decline in trading volume.
• Despite the drop, several analysts, including Berenberg Bank and Royal Bank of Canada, maintain a "buy" rating with price targets around GBX 250.
• The company reported a negative net margin of 94.82% and earnings of GBX (7.50) per share in its latest quarterly results.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price dropped 12.8% during trading on Tuesday . The stock traded as low as GBX 159.96 ($2.15) and last traded at GBX 161.60 ($2.17). Approximately 3,482,561 shares traded hands during trading, a decline of 40% from the average daily volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.49).

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday. Citigroup boosted their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 246.67.

Oxford Nanopore Technologies Stock Down 0.2%

The stock has a market capitalization of £1.57 billion, a P/E ratio of -1,020.00 and a beta of 0.80. 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 firm has a 50 day simple moving average of GBX 181.93 and a two-hundred day simple moving average of GBX 138.82.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported GBX (7.50) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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