Oxford Nanopore Technologies (LON:ONT) Shares Up 18.1% - Time to Buy?

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 18.1% during mid-day trading on Monday . The company traded as high as GBX 177.50 ($2.38) and last traded at GBX 174.80 ($2.34). 6,697,781 shares changed 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 ($1.98).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 250 ($3.35) target price on shares of Oxford Nanopore Technologies in a research report on Monday.

Oxford Nanopore Technologies Stock Performance

The business has a fifty day simple moving average of GBX 131.39 and a two-hundred day simple moving average 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. The company has a market cap of £1.66 billion, a PE ratio of -9.41 and a beta of 0.80.

Insider Activity at Oxford Nanopore Technologies

In other news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the 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 ($32,224.98). In the last ninety days, insiders acquired 332 shares of company stock worth $45,170. Corporate insiders own 32.62% of the company's stock.

Oxford Nanopore Technologies Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.