Oxford Nanopore Technologies (LON:ONT) Trading Up 6.4% - Here's What Happened

Key Points

• Oxford Nanopore Technologies shares rose by 6.4% during mid-day trading, reaching a last traded price of GBX 200.18 ($2.70), up from a previous close of GBX 188.20 ($2.54).
• Berenberg Bank has restated a "buy" rating for the company and set a new price target of GBX 250 ($3.38) for its shares.
• Insider Gurdial Sanghera sold 20,188 shares at an average price of GBX 119 ($1.61), while corporate insiders currently own 32.62% of the company's stock.

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) shares were up 6.4% during mid-day trading on Friday . The company traded as high as GBX 204.20 ($2.76) and last traded at GBX 200.18 ($2.70). Approximately 6,761,384 shares were traded during trading, an increase of 4% from the average daily volume of 6,483,282 shares. The stock had previously closed at GBX 188.20 ($2.54).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 250 ($3.38) price objective on shares of Oxford Nanopore Technologies in a report on Monday.

Oxford Nanopore Technologies Stock Up 2.5%

The company has a 50-day moving average of GBX 135.48 and a 200-day moving average of GBX 126.08. The company has a market capitalization of £1.99 billion, a price-to-earnings ratio of -11.26 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

Insider Transactions at Oxford Nanopore Technologies

In related 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 ($1.61), for a total transaction of £24,023.72 ($32,451.33). Over the last quarter, insiders bought 332 shares of company stock worth $45,170. Corporate insiders own 32.62% of the company's stock.

Oxford Nanopore Technologies Company Profile

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