Oxford Nanopore Technologies (LON:ONT) Stock Price Down 10.6% - Here's What Happened

Key Points

• Shares of Oxford Nanopore Technologies fell by 10.6%, trading around GBX 165.60 ($2.24) after closing at GBX 185.30 ($2.51).
• Analysts maintain a positive outlook, with Berenberg Bank and Citigroup issuing "buy" ratings and targets set at GBX 250 and GBX 240, respectively.
• The company reported a negative earnings per share (EPS) of GBX (7.50) and has a negative net margin of 94.82% in its latest quarterly earnings.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares were down 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 164.90 ($2.23) and last traded at GBX 165.60 ($2.24). Approximately 6,755,004 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 5,796,000 shares. The stock had previously closed at GBX 185.30 ($2.51).

Analyst Ratings Changes

A number of equities analysts recently issued reports on ONT shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 price target on shares of Oxford Nanopore Technologies in a report on Tuesday. Citigroup increased their price objective on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research note on Friday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies has an average rating of "Buy" and a consensus target price of GBX 232.50.

Oxford Nanopore Technologies Price Performance

The company has a 50 day moving average price of GBX 180.45 and a 200 day moving average price of GBX 138.49. The firm has a market cap of £1.55 billion, a PE ratio of -1,010.00 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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