Oxford Nanopore Technologies (LON:ONT) Shares Up 6% – Here’s What Happened

Oxford Nanopore Technologies plc (LON:ONT) shares traded up 6% during trading on Monday . The company traded as high as GBX 128.40 ($1.69) and last traded at GBX 122.86 ($1.62). 76,032,922 shares were traded during 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).

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on shares of Oxford Nanopore Technologies from GBX 282 ($3.72) to GBX 250 ($3.30) and set a “buy” rating for the company in a research report on Wednesday, March 19th.

Oxford Nanopore Technologies Price Performance

The company has a market capitalization of £1.17 billion, a PE ratio of -6.61 and a beta of 0.80. The stock has a 50 day moving average price of GBX 110.99 and a two-hundred day moving average price of GBX 131.32. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.

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

Insider Buying and Selling

In related news, insider John O’Higgins acquired 77,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of GBX 97 ($1.28) per share, with a total value of £74,690 ($98,483.65). Also, insider Kate Priestman acquired 17,726 shares of Oxford Nanopore Technologies stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of GBX 112 ($1.48) per share, with a total value of £19,853.12 ($26,177.64). In the last three months, insiders bought 94,964 shares of company stock valued at $9,484,318. Company insiders own 32.62% of the company’s stock.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.