Oxford Nanopore Technologies (LON:ONT) Trading Down 10.2% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s share price dropped 10.2% during mid-day trading on Monday . The company traded as low as GBX 127 ($1.60) and last traded at GBX 128.50 ($1.62). Approximately 3,354,197 shares were traded during trading, an increase of 54% from the average daily volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.80).

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 282 ($3.54) price target on shares of Oxford Nanopore Technologies in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 190 ($2.39) price objective on shares of Oxford Nanopore Technologies in a report on Wednesday, September 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Oxford Nanopore Technologies presently has an average rating of “Buy” and an average price target of GBX 235.50 ($2.96).

Oxford Nanopore Technologies Stock Performance

The firm’s 50 day simple moving average is GBX 142.50 and its 200 day simple moving average is GBX 129.78. The firm has a market capitalization of £1.21 billion, a price-to-earnings ratio of -642.50 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.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,558,158.40). Insiders acquired 310 shares of company stock worth $45,010 over the last three months. Company insiders own 32.62% of the company’s stock.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.