Oxford Nanopore Technologies (LON:ONT) Posts Earnings Results

Oxford Nanopore Technologies (LON:ONT) posted its earnings results on Wednesday. The company reported GBX (4.90) EPS for the quarter, Digital Look Earnings reports. Oxford Nanopore Technologies had a negative return on equity of 29.43% and a negative net margin of 64.85%.

Oxford Nanopore Technologies Stock Performance

Shares of Oxford Nanopore Technologies stock opened at GBX 133.80 on Wednesday. The company has a debt-to-equity ratio of 8.96, a quick ratio of 6.01 and a current ratio of 3.56. Oxford Nanopore Technologies has a 1 year low of GBX 95.61 and a 1 year high of GBX 215.60. The firm’s 50-day simple moving average is GBX 118.16 and its 200-day simple moving average is GBX 122.69. The firm has a market cap of £1.30 billion, a PE ratio of -8.86 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ONT. Citigroup downgraded shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research report on Tuesday, May 26th. Berenberg Bank lowered their target price on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research note on Wednesday. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 200.75.

Oxford Nanopore Technologies Company Profile

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.