Oxford Nanopore Technologies (OTCMKTS:ONTTF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Oxford Nanopore Technologies plc (OTCMKTS:ONTTF) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $2.63 and traded as low as $2.60. Oxford Nanopore Technologies shares last traded at $2.6150, with a volume of 800 shares trading hands.

Analysts Set New Price Targets

ONTTF has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Oxford Nanopore Technologies in a research report on Wednesday, September 30th. Citigroup restated a “buy” rating on shares of Oxford Nanopore Technologies in a research report on Monday, September 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 22nd. Finally, Panmure Gordon upgraded Oxford Nanopore Technologies to a “buy” rating in a report on Monday, August 24th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Oxford Nanopore Technologies presently has a consensus rating of “Buy”.

Oxford Nanopore Technologies Trading Down 1.3%

The company has a fifty day moving average of $2.63 and a 200-day moving average of $1.95.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies plc is a UK-based life sciences company that develops and supplies DNA and RNA sequencing technology. Founded in 2005, the company is known for nanopore sequencing, which reads genetic material by measuring changes in electrical current as molecules pass through tiny pores. Its technology can provide real-time sequencing data and is designed for applications including research, clinical testing and public health. The company offers sequencing devices in a range of sizes, from portable systems such as MinION to higher-throughput platforms such as PromethION.