Oxford Nanopore Technologies (LON:ONT) Shares Up 2.2% – Here’s What Happened

Oxford Nanopore Technologies plc (LON:ONTGet Free Report) shares traded up 2.2% on Tuesday . The company traded as high as GBX 157 ($2.05) and last traded at GBX 152.80 ($2.00). 3,264,080 shares were traded during mid-day trading, an increase of 80% from the average session volume of 1,809,135 shares. The stock had previously closed at GBX 149.50 ($1.96).

Analyst Ratings Changes

A number of research firms have recently issued reports on ONT. Royal Bank of Canada restated an “outperform” rating and issued a GBX 260 ($3.40) price target on shares of Oxford Nanopore Technologies in a research report on Friday, June 28th. Berenberg Bank restated a “buy” rating and issued a GBX 282 ($3.69) target price on shares of Oxford Nanopore Technologies in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 190 ($2.49) price target on shares of Oxford Nanopore Technologies in a report on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 235.50 ($3.08).

Get Our Latest Analysis on Oxford Nanopore Technologies

Oxford Nanopore Technologies Stock Down 4.7 %

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 stock has a market capitalization of £1.35 billion, a price-to-earnings ratio of -746.50 and a beta of 0.79. The business has a fifty day moving average of GBX 137.85 and a 200 day moving average of GBX 118.27.

About Oxford Nanopore Technologies

(Get Free Report)

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.

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