Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 17.7% during mid-day trading on Monday . The stock traded as high as GBX 177.50 ($2.38) and last traded at GBX 174.20 ($2.34). 1,927,535 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 6,432,868 shares. The stock had previously closed at GBX 147.97 ($1.98).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 ($3.35) target price on shares of Oxford Nanopore Technologies in a report on Monday.
Read Our Latest Analysis on Oxford Nanopore Technologies
Oxford Nanopore Technologies Trading Up 18.1%
The stock has a 50 day simple moving average of GBX 131.39 and a 200-day simple moving average of GBX 124.56. The firm has a market cap of £1.66 billion, a P/E ratio of -9.41 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.
Insider Transactions at Oxford Nanopore Technologies
In related 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 value of £24,023.72 ($32,224.98). In the last quarter, insiders purchased 332 shares of company stock worth $45,170. Company insiders own 32.62% of the company's stock.
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