Oxford Nanopore Technologies (LON:ONT) Shares Up 15.3% - Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price rose 15.3% on Monday . The stock traded as high as GBX 176.50 ($2.38) and last traded at GBX 170.68 ($2.30). Approximately 1,249,972 shares were traded during trading, a decline of 81% from the average daily volume of 6,427,993 shares. The stock had previously closed at GBX 147.97 ($1.99).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 250 ($3.37) price objective on shares of Oxford Nanopore Technologies in a research note on Monday.

Oxford Nanopore Technologies Trading Up 0.4%

The firm has a market cap of £1.67 billion, a PE ratio of -9.45 and a beta of 0.80. The business has a 50-day moving average price of GBX 131.39 and a two-hundred day moving average price of GBX 124.56. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

Insider Buying and Selling

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.60), for a total value of £24,023.72 ($32,385.71). In the last three months, insiders bought 332 shares of company stock worth $45,170. Company insiders own 32.62% of the company's stock.

About Oxford Nanopore Technologies

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