Oxford Nanopore Technologies (LON:ONT) Shares Up 7.8% - Should You Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price was up 7.8% on Friday . The stock traded as high as GBX 136.90 ($1.88) and last traded at GBX 136.14 ($1.87). Approximately 10,587,967 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 7,089,277 shares. The stock had previously closed at GBX 126.30 ($1.73).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on Oxford Nanopore Technologies from GBX 282 ($3.87) to GBX 250 ($3.43) and set a "buy" rating for the company in a research note on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Performance

The company's fifty day moving average is GBX 123.57 and its 200 day moving average is GBX 124.10. 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 company has a market cap of £1.29 billion, a P/E ratio of -7.31 and a beta of 0.80.

Insider Buying and Selling at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of GBX 119 ($1.63), for a total value of £24,023.72 ($32,967.92). Over the last 90 days, insiders purchased 360 shares of company stock worth $45,085. 32.62% of the stock is currently owned by 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.