Oxford Nanopore Technologies (LON:ONT) Stock Price Down 14.3% – Time to Sell?

Shares of Oxford Nanopore Technologies plc (LON:ONT) fell 14.3% during mid-day trading on Tuesday . The company traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). 50,400,641 shares changed hands during 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).

Analysts Set New Price Targets

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

Oxford Nanopore Technologies Stock Performance

The stock has a 50 day simple moving average of GBX 132.03 and a 200 day simple moving average of GBX 138.42. The company has a market cap of £855.09 million, a price-to-earnings ratio of -4.85 and a beta of 0.80. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX (16) (($0.20)) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Company Profile

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