Oxford Nanopore Technologies (LON:ONT) Trading Up 6% – Here’s Why

Oxford Nanopore Technologies plc (LON:ONT)’s share price rose 6% during mid-day trading on Monday . The company traded as high as GBX 128.40 ($1.69) and last traded at GBX 122.86 ($1.62). Approximately 76,032,922 shares were traded during mid-day trading, an increase of 620% from the average daily volume of 10,559,232 shares. The stock had previously closed at GBX 115.90 ($1.53).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on Oxford Nanopore Technologies from GBX 282 ($3.72) to GBX 250 ($3.30) and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Up 6.0 %

The company has a market cap of £1.17 billion, a price-to-earnings ratio of -6.61 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. The stock has a 50-day simple moving average of GBX 111.25 and a 200-day simple moving average of GBX 131.56.

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Insider Activity

In other Oxford Nanopore Technologies news, insider Kate Priestman purchased 17,726 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,177.64). Also, insider John O’Higgins bought 77,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of GBX 97 ($1.28) per share, for a total transaction of £74,690 ($98,483.65). In the last quarter, insiders acquired 94,964 shares of company stock worth $9,484,318. Corporate insiders own 32.62% of the company’s stock.

About Oxford Nanopore Technologies

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