Oxford Nanopore Technologies (LON:ONT) Trading Up 6% – Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT)’s share price rose 6% during mid-day trading on Tuesday . The company traded as high as GBX 128.40 ($1.70) and last traded at GBX 122.86 ($1.63). Approximately 76,032,922 shares were traded during trading, an increase of 620% from the average daily 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 ($3.73) to GBX 250 ($3.31) and set a “buy” rating on the stock in a research note on Wednesday, March 19th.

Oxford Nanopore Technologies Stock Performance

The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The firm has a market cap of £1.11 billion, a P/E ratio of -6.27 and a beta of 0.80. The business has a fifty day simple moving average of GBX 110.51 and a 200-day simple moving average of GBX 130.96.

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

Insider Activity

In other news, insider John O’Higgins bought 77,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of GBX 97 ($1.28) per share, with a total value of £74,690 ($98,861.68). Also, insider Kate Priestman bought 17,726 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,278.12). Over the last ninety days, insiders acquired 94,964 shares of company stock worth $9,484,318. Insiders own 32.62% of the company’s stock.

About Oxford Nanopore Technologies

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