Oxford Nanopore Technologies (LON:ONT) Shares Up 6% – What’s Next?

Shares of Oxford Nanopore Technologies plc (LON:ONT) traded up 6% during trading on Monday . The stock traded as high as GBX 128.40 ($1.69) and last traded at GBX 122.86 ($1.62). 76,032,922 shares were traded during 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 price objective on shares of Oxford Nanopore Technologies from GBX 282 ($3.72) to GBX 250 ($3.30) and set a “buy” rating on the stock in a report on Wednesday, March 19th.

Oxford Nanopore Technologies Trading Up 6.0 %

The stock has a market cap of £1.17 billion, a price-to-earnings ratio of -6.61 and a beta of 0.80. The business has a 50-day simple moving average of GBX 111.25 and a two-hundred day simple moving average of GBX 131.56. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

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

Insiders Place Their Bets

In related news, 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, with a total value of £19,853.12 ($26,177.64). Also, insider John O’Higgins purchased 77,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of GBX 97 ($1.28) per share, for a total transaction of £74,690 ($98,483.65). Insiders have bought 94,964 shares of company stock worth $9,484,318 over the last ninety days. Corporate 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.