Oxford Nanopore Technologies (LON:ONT) Trading 15.5% Higher - Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was up 15.5% on Monday . The stock traded as high as GBX 176.50 ($2.38) and last traded at GBX 170.87 ($2.30). Approximately 1,180,130 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 6,427,490 shares. The stock had previously closed at GBX 147.97 ($1.99).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 250 ($3.37) price objective on shares of Oxford Nanopore Technologies in a research report on Monday.

Oxford Nanopore Technologies Stock Performance

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 debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The stock's 50-day moving average is GBX 131.39 and its 200 day moving average is GBX 124.56.

Insider Activity

In related news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 119 ($1.60), for a total transaction of £24,023.72 ($32,385.71). In the last ninety days, insiders have bought 332 shares of company stock worth $45,170. Company insiders own 32.62% of the company's stock.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.