Oxford Nanopore Technologies (LON:ONT) Stock Price Up 7.8% - Here's Why

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares were up 7.8% during trading on Thursday . 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 changed hands during 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 decreased their target price on shares of 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 Price Performance

The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of -7.33 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. The company's 50 day simple moving average is GBX 123.17 and its 200-day simple moving average is GBX 124.15.

Insider Buying and Selling

In related news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.63), for a total transaction of £24,023.72 ($32,967.92). Over the last 90 days, insiders have bought 360 shares of company stock worth $45,085. 32.62% of the stock is owned by insiders.

Oxford Nanopore Technologies Company Profile

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