Oxford Nanopore Technologies (LON:ONT) Stock Price Down 14.3% – Here’s What Happened

Oxford Nanopore Technologies plc (LON:ONT)’s stock price traded down 14.3% on Tuesday . The company traded as low as GBX 89.30 ($1.13) and last traded at GBX 90.10 ($1.14). 388,954,125 shares traded hands during trading, an increase of 2,270% from the average session volume of 16,414,316 shares. The stock had previously closed at GBX 105.10 ($1.34).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 235.50 ($2.99).

Oxford Nanopore Technologies Trading Down 14.3 %

The business has a 50-day moving average price of GBX 132.94 and a two-hundred day moving average price of GBX 138.65. The stock has a market capitalization of £855.09 million, a P/E ratio of -4.85 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT) last released its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.20)) 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%.

About Oxford Nanopore Technologies

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