Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s share price shot up 7.8% during mid-day trading on Thursday . The stock traded as high as GBX 136.90 ($1.88) and last traded at GBX 136.14 ($1.87). 10,587,967 shares traded hands during trading, an increase of 49% from the average session volume of 7,089,277 shares. The stock had previously closed at GBX 126.30 ($1.73).
Analysts Set New Price Targets
Separately, Berenberg Bank dropped their price objective on shares of Oxford Nanopore Technologies from GBX 282 ($3.87) to GBX 250 ($3.43) and set a "buy" rating on the stock in a research note on Wednesday, March 19th.
Get Our Latest Stock Report on ONT
Oxford Nanopore Technologies Stock Performance
The stock has a fifty day moving average price of GBX 123.17 and a 200-day moving average price of GBX 124.15. 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 firm has a market cap of £1.29 billion, a price-to-earnings ratio of -7.33 and a beta of 0.80.
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 that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.63), for a total value of £24,023.72 ($32,967.92). In the last quarter, insiders bought 360 shares of company stock worth $45,085. Company insiders own 32.62% of the company's stock.
About Oxford Nanopore Technologies
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