Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares traded up 1.8% during mid-day trading on Tuesday . The company traded as high as GBX 134 ($1.78) and last traded at GBX 126.20 ($1.68). 2,993,899 shares changed hands during trading, a decline of 64% from the average session volume of 8,364,497 shares. The stock had previously closed at GBX 123.96 ($1.65).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank dropped their price target on shares of Oxford Nanopore Technologies from GBX 282 ($3.75) to GBX 250 ($3.33) and set a "buy" rating on the stock in a research note on Wednesday, March 19th.
Read Our Latest Stock Analysis on ONT
Oxford Nanopore Technologies Price Performance
The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The firm has a market cap of £1.24 billion, a price-to-earnings ratio of -7.03 and a beta of 0.80. The business's 50-day moving average price is GBX 111 and its two-hundred day moving average price is GBX 127.75.
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 (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.
Insider Buying and Selling
In other news, insider Kate Priestman acquired 17,726 shares of Oxford Nanopore Technologies stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of GBX 112 ($1.49) per share, for a total transaction of £19,853.12 ($26,410.96). Also, insider John O'Higgins bought 77,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 97 ($1.29) per share, for a total transaction of £74,690 ($99,361.45). In the last ninety days, insiders acquired 94,855 shares of company stock valued at $9,469,276. Corporate insiders own 32.62% of the company's stock.
About Oxford Nanopore Technologies
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