Oxford Nanopore Technologies (LON:ONT) Shares Up 3.2% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONTGet Free Report) was up 3.2% on Monday . The stock traded as high as GBX 131.30 and last traded at GBX 128.90. 1,222,700 shares were traded during trading, a decline of 88% from the average session volume of 9,993,984 shares. The stock had previously closed at GBX 124.90.

Wall Street Analyst Weigh In

ONT has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 225 price objective on shares of Oxford Nanopore Technologies in a report on Tuesday, May 26th. Citigroup lowered shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Peel Hunt restated a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Finally, Berenberg Bank decreased their price target on shares of Oxford Nanopore Technologies from GBX 230 to GBX 220 and set a “buy” rating on the stock in a research note on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 205.75.

View Our Latest Research Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Stock Performance

The company has a debt-to-equity ratio of 8.96, a current ratio of 3.56 and a quick ratio of 6.01. The business has a 50-day simple moving average of GBX 119.04 and a 200-day simple moving average of GBX 124.42. The firm has a market capitalization of £1.26 billion, a PE ratio of -8.54 and a beta of 0.92.

About Oxford Nanopore Technologies

(Get Free Report)

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

Further Reading

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