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Oxford Nanopore Technologies (LON:ONT) Trading Up 1.8% - Here's What Happened

Oxford Nanopore Technologies logo with Medical background

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price was 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). Approximately 2,993,899 shares were traded during trading, a decline of 64% from the average daily volume of 8,364,497 shares. The stock had previously closed at GBX 123.96 ($1.65).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on shares of Oxford Nanopore Technologies from GBX 282 ($3.75) to GBX 250 ($3.32) and set a "buy" rating for the company in a report on Wednesday, March 19th.

Get Our Latest Research Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Stock Up 3.8%

The company has a market cap of £1.29 billion, a PE ratio of -7.30 and a beta of 0.80. The business has a fifty day simple moving average of GBX 111 and a two-hundred day simple moving average of GBX 127.63. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Activity

In other news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.58), for a total transaction of £24,023.72 ($31,920.97). Also, insider Kate Priestman bought 17,726 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of GBX 112 ($1.49) per share, for a total transaction of £19,853.12 ($26,379.38). In the last quarter, insiders purchased 94,855 shares of company stock worth $9,469,276. 32.62% of the stock is currently owned by company insiders.

About Oxford Nanopore Technologies

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