Oxford Nanopore Technologies (LON:ONT) Trading Down 12.8% - Time to Sell?

Key Points

• Oxford Nanopore Technologies shares fell by 12.8% during trading on Tuesday, reaching a low of GBX 159.96 ($2.14) before closing at GBX 161.60 ($2.16).
• Despite the recent drop, five equities research analysts maintain a "Buy" rating on the stock, with price targets ranging from GBX 240 to GBX 250.
• The company's latest earnings report showed a loss of GBX (7.50) EPS, reflecting a negative return on equity of 26.02% and a negative net margin of 94.82%.

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) dropped 12.8% during trading on Tuesday . The company traded as low as GBX 159.96 ($2.14) and last traded at GBX 161.60 ($2.16). Approximately 3,482,561 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 5,776,637 shares. The stock had previously closed at GBX 185.30 ($2.48).

Analyst Upgrades and Downgrades

ONT has been the subject of a number of research reports. Citigroup raised their price objective on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Friday. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Oxford Nanopore Technologies presently has an average rating of "Buy" and an average target price of GBX 232.50.

Oxford Nanopore Technologies Stock Performance

The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The stock has a fifty day moving average price of GBX 181.20 and a 200-day moving average price of GBX 138.65. The firm has a market capitalization of £1.55 billion, a price-to-earnings ratio of -1,010.00 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported GBX (7.50) 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%.

Oxford Nanopore Technologies Company Profile

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