Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares were up 6% on Tuesday . The company traded as high as GBX 128.40 ($1.71) and last traded at GBX 122.86 ($1.63). Approximately 76,032,922 shares changed hands during mid-day trading, an increase of 620% from the average daily volume of 10,559,232 shares. The stock had previously closed at GBX 115.90 ($1.54).
Wall Street Analyst Weigh In
Separately, Berenberg Bank dropped their price target on Oxford Nanopore Technologies from GBX 282 ($3.75) to GBX 250 ($3.33) and set a "buy" rating for the company in a research report on Wednesday, March 19th.
View Our Latest Stock Analysis on ONT
Oxford Nanopore Technologies Trading Down 1.4 %
The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The company's 50-day moving average is GBX 109.93 and its 200-day moving average is GBX 130.17. The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of -6.24 and a beta of 0.80.
Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.
Insiders Place Their Bets
In related news, insider Kate Priestman bought 17,726 shares of the stock in a transaction on Tuesday, March 25th. The stock was bought at an average price of GBX 112 ($1.49) per share, with a total value of £19,853.12 ($26,407.45). Also, insider John O'Higgins purchased 77,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of GBX 97 ($1.29) per share, with a total value of £74,690 ($99,348.23). Insiders acquired a total of 94,964 shares of company stock valued at $9,484,318 over the last quarter. 32.62% of the stock is owned by insiders.
About Oxford Nanopore Technologies
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