Oxford Nanopore Technologies (LON:ONT) Shares Down 10.2% – What’s Next?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price was down 10.2% during trading on Monday . The company traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). Approximately 3,354,197 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 190 ($2.38) price target on shares of Oxford Nanopore Technologies in a report on Wednesday, September 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 282 ($3.54) price target on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Oxford Nanopore Technologies presently has an average rating of “Buy” and an average price target of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Stock Down 10.2 %

The company has a 50-day moving average of GBX 142.50 and a two-hundred day moving average of GBX 129.78. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The company has a market capitalization of £1.21 billion, a PE ratio of -642.50 and a beta of 0.80.

Insider Activity

In other news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.78), for a total transaction of £2,830,870.82 ($3,548,791.30). Insiders have purchased a total of 310 shares of company stock valued at $45,010 in the last ninety days. Corporate insiders own 32.62% of the company’s stock.

Oxford Nanopore Technologies Company Profile

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.