Oxford Nanopore Technologies (LON:ONT) Trading Up 7.8% - Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT - Get Free Report)'s stock price traded up 7.8% on Thursday . The company traded as high as GBX 136.90 ($1.88) and last traded at GBX 136.14 ($1.87). 10,587,967 shares were traded during mid-day trading, an increase of 49% from the average session volume of 7,089,277 shares. The stock had previously closed at GBX 126.30 ($1.73).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their target price on shares of Oxford Nanopore Technologies from GBX 282 ($3.87) to GBX 250 ($3.43) and set a "buy" rating for the company in a research report on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Up 7.8%

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 stock has a market capitalization of £1.29 billion, a PE ratio of -7.33 and a beta of 0.80. The stock's 50-day moving average price is GBX 123.17 and its two-hundred day moving average price is GBX 124.15.

Insider Buying and Selling

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 119 ($1.63), for a total transaction of £24,023.72 ($32,967.92). In the last ninety days, insiders acquired 360 shares of company stock worth $45,085. 32.62% of the stock is owned by corporate insiders.

Oxford Nanopore Technologies Company Profile

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