Oxford Nanopore Technologies (LON:ONT) Stock Price Up 7.8% - What's Next?

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shot up 7.8% 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on Oxford Nanopore Technologies from GBX 282 ($3.87) to GBX 250 ($3.43) and set a "buy" rating for the company in a report on Wednesday, March 19th.

Oxford Nanopore Technologies Price Performance

The business's 50-day moving average price is GBX 123.17 and its 200 day moving average price is GBX 124.15. The company has a market capitalization of £1.29 billion, a P/E ratio of -7.33 and a beta of 0.80. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Insider Activity

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of GBX 119 ($1.63), for a total value of £24,023.72 ($32,967.92). Insiders bought 360 shares of company stock worth $45,085 in the last three months. Corporate insiders own 32.62% of the company's stock.

About Oxford Nanopore Technologies

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