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

Key Points

• Oxford Nanopore Technologies' shares fell by 12.8%, trading as low as GBX 159.96 during mid-day trading, significantly lower than its previous close of GBX 185.30.
• Analysts have set new price targets for the stock, with Berenberg Bank and Royal Bank of Canada both targeting GBX 250 and Citigroup adjusting their target to GBX 240, all maintaining a "buy" rating.
• The company reported a negative earnings per share of GBX (7.50) for the last quarter, along with a negative return on equity of 26.02% and a net margin of 94.82%.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares traded down 12.8% on Wednesday . The company traded as low as GBX 159.96 ($2.16) and last traded at GBX 161.60 ($2.18). 3,482,561 shares were traded during trading, a decline of 40% from the average session volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.50).

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 2nd. Citigroup lifted their price objective on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Oxford Nanopore Technologies from GBX 250 to GBX 280 and gave the company an "outperform" rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 256.67.

Oxford Nanopore Technologies Price Performance

The stock's 50-day moving average is GBX 183 and its 200 day moving average is GBX 139.43. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The stock has a market capitalization of £1.63 billion, a PE ratio of -1,141.22 and a beta of 0.80.

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 return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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