Oxford Nanopore Technologies (LON:ONT) Shares Up 18.1% - Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price shot up 18.1% on Monday . The stock traded as high as GBX 177.50 ($2.39) and last traded at GBX 174.80 ($2.36). 6,697,781 shares changed hands during trading, an increase of 4% from the average session volume of 6,467,186 shares. The stock had previously closed at GBX 147.97 ($1.99).

Wall Street Analysts Forecast Growth

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

Oxford Nanopore Technologies Stock Up 18.1%

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 50 day moving average price of GBX 131.39 and a 200 day moving average price of GBX 124.56. The company has a market cap of £1.66 billion, a P/E ratio of -9.41 and a beta of 0.80.

Insider Activity

In other news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of Oxford Nanopore Technologies stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.60), for a total transaction of £24,023.72 ($32,385.71). In the last 90 days, insiders acquired 332 shares of company stock valued at $45,170. Insiders own 32.62% of the company's stock.

About Oxford Nanopore Technologies

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