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

Oxford Nanopore Technologies plc (LON:ONT) shares fell 10.2% during mid-day 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 mid-day 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).

Analysts Set New Price Targets

Several analysts have commented on ONT shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Berenberg Bank reissued a “buy” rating and set a GBX 282 ($3.54) target price on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 190 ($2.38) target price on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Trading Up 5.3 %

The stock has a market cap of £1.27 billion, a price-to-earnings ratio of -676.50 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The company’s fifty day moving average price is GBX 142.03 and its 200-day moving average price is GBX 129.81.

Insider Buying and Selling 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 dated Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.78), for a total transaction of £2,830,870.82 ($3,548,791.30). In the last quarter, insiders have purchased 310 shares of company stock worth $45,010. 32.62% of the stock is owned by corporate 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.