Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) was up 6% during trading on Monday . The company traded as high as GBX 128.40 ($1.71) and last traded at GBX 122.86 ($1.63). Approximately 76,032,922 shares traded hands during trading, an increase of 620% from the average daily volume of 10,559,232 shares. The stock had previously closed at GBX 115.90 ($1.54).
Analysts Set New Price Targets
Separately, Berenberg Bank reduced their target price on 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 Report on Oxford Nanopore Technologies
Oxford Nanopore Technologies Stock Performance
The stock has a market cap of £1.10 billion, a price-to-earnings ratio of -6.24 and a beta of 0.80. The stock's 50-day simple moving average is GBX 109.93 and its two-hundred day simple moving average is GBX 130.36. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.
Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.
Insider Transactions at Oxford Nanopore Technologies
In other news, insider John O'Higgins bought 77,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 97 ($1.29) per share, for a total transaction of £74,690 ($99,308.60). Also, insider Kate Priestman purchased 17,726 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of GBX 112 ($1.49) per share, for a total transaction of £19,853.12 ($26,396.92). Over the last quarter, insiders have purchased 94,964 shares of company stock worth $9,484,318. Insiders own 32.62% of the company's stock.
About Oxford Nanopore Technologies
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