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

Oxford Nanopore Technologies plc (LON:ONT) fell 14.3% during mid-day trading on Tuesday . The stock traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). 50,400,641 shares were traded during mid-day trading, an increase of 478% from the average session volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.34).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Stock Performance

The company has a market capitalization of £855.09 million, a PE ratio of -4.85 and a beta of 0.80. The stock’s 50-day simple moving average is GBX 132.94 and its 200 day simple moving average is GBX 138.65. 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) (($0.20)) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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