Oxford Nanopore Technologies (LON:ONT) Trading Up 6% – Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT) traded up 6% during trading on Monday . The stock traded as high as GBX 128.40 ($1.70) and last traded at GBX 122.86 ($1.63). 76,032,922 shares traded hands during mid-day trading, an increase of 620% from the average session volume of 10,559,232 shares. The stock had previously closed at GBX 115.90 ($1.53).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price objective on Oxford Nanopore Technologies from GBX 282 ($3.73) to GBX 250 ($3.31) and set a “buy” rating for the company in a research note on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Performance

The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of -6.33 and a beta of 0.80. The firm’s 50-day moving average price is GBX 110.82 and its two-hundred day moving average price is GBX 131.05.

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

Insider Activity at Oxford Nanopore Technologies

In other news, insider John O’Higgins purchased 77,000 shares of the business’s stock in a transaction that occurred 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 ($98,848.60). Also, insider Kate Priestman acquired 17,726 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,274.64). Insiders have acquired 94,964 shares of company stock valued at $9,484,318 over the last ninety days. 32.62% of the stock is owned by corporate insiders.

About Oxford Nanopore Technologies

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