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

Oxford Nanopore Technologies plc (LON:ONT) shares traded up 6% during mid-day trading on Monday . The company 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).

Analyst Ratings Changes

Separately, Berenberg Bank decreased their target price 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 report on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Down 5.8 %

The company has a market cap of £1.12 billion, a price-to-earnings ratio of -6.33 and a beta of 0.80. 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 business’s 50 day simple moving average is GBX 110.82 and its 200-day simple moving average is GBX 131.05.

Oxford Nanopore Technologies (LON:ONT) last posted its quarterly 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 return on equity of 26.02% and a negative net margin of 94.82%.

Insider Buying and Selling at Oxford Nanopore Technologies

In related news, insider Kate Priestman purchased 17,726 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,274.64). Also, insider John O’Higgins acquired 77,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of GBX 97 ($1.28) per share, for a total transaction of £74,690 ($98,848.60). Insiders acquired 94,964 shares of company stock worth $9,484,318 over the last ninety days. 32.62% of the stock is currently owned by insiders.

Oxford Nanopore Technologies Company Profile

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