Oxford Nanopore Technologies (LON:ONT) Stock Price Down 14.3% – Should You Sell?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price was down 14.3% during trading on Wednesday . The company traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). Approximately 50,400,641 shares were traded during mid-day trading, an increase of 478% from the average daily volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.34).

Wall Street Analysts Forecast Growth

Separately, 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, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Stock Down 0.4 %

The company’s 50 day moving average price is GBX 132.03 and its 200 day moving average price is GBX 138.42. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of £863.16 million, a price-to-earnings ratio of -4.90 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last issued its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.20)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.