Oxford Nanopore Technologies (LON:ONT) Trading Down 12.8% - Here's Why

Key Points

• Oxford Nanopore Technologies' stock price dropped 12.8% during trading, falling to as low as GBX 159.96 ($2.14) from a previous close of GBX 185.30 ($2.48).
• Analysts remain optimistic, with recent reports identifying a consensus price target of GBX 232.50 and several firms, including Citigroup, upgrading their ratings.
• The company reported a negative net margin of 94.82% and EPS of GBX (7.50) in its most recent quarterly earnings report.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) dropped 12.8% during trading on Wednesday . The company traded as low as GBX 159.96 ($2.16) and last traded at GBX 161.60 ($2.18). Approximately 3,482,561 shares changed hands 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 ($2.50).

Analyst Ratings Changes

ONT has been the topic of a number of research reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Tuesday, September 2nd. Citigroup upped their price objective on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oxford Nanopore Technologies has an average rating of "Buy" and a consensus target price of GBX 246.67.

Oxford Nanopore Technologies Trading Down 0.6%

The company has a market capitalization of £1.56 billion, a price-to-earnings ratio of -1,096.04 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 firm has a fifty day moving average price of GBX 183 and a 200-day moving average price of GBX 139.37.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last released 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%.

About Oxford Nanopore Technologies

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