Oxford Nanopore Technologies (LON:ONT) Shares Down 10.2% – Here’s What Happened

Shares of Oxford Nanopore Technologies plc (LON:ONT) traded down 10.2% during trading on Monday . The stock traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). 3,354,197 shares traded hands during trading, an increase of 54% from the average session volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ONT. Berenberg Bank reiterated a “buy” rating and set a GBX 282 ($3.54) price target on shares of Oxford Nanopore Technologies in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 190 ($2.38) target price on shares of Oxford Nanopore Technologies in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Stock Performance

The business’s 50 day moving average is GBX 142.50 and its two-hundred day moving average is GBX 129.78. The company has a market cap of £1.21 billion, a PE ratio of -642.50 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 Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of Oxford Nanopore Technologies stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,548,791.30). In the last 90 days, insiders have acquired 310 shares of company stock valued at $45,010. 32.62% of the stock is owned by company insiders.

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.