Oxford Nanopore Technologies (LON:ONT) Stock Price Up 18.1% - Should You Buy?

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 18.1% during trading on Monday . The company traded as high as GBX 177.50 ($2.41) and last traded at GBX 174.80 ($2.38). 6,697,781 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 6,467,186 shares. The stock had previously closed at GBX 147.97 ($2.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 ($3.40) price target on shares of Oxford Nanopore Technologies in a research report on Monday.

Oxford Nanopore Technologies Stock Up 6.4%

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 has a market capitalization of £1.90 billion, a P/E ratio of -10.78 and a beta of 0.80. The business has a 50-day moving average price of GBX 134.03 and a 200 day moving average price of GBX 125.62.

Insider Activity

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 ($1.62), for a total value of £24,023.72 ($32,640.92). Over the last 90 days, insiders acquired 332 shares of company stock worth $45,170. 32.62% of the stock is currently owned by corporate insiders.

Oxford Nanopore Technologies Company Profile

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