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

Shares of Oxford Nanopore Technologies plc (LON:ONT) rose 6% on Monday . 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 mid-day 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 reduced their price target on shares of 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 debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The company’s 50-day moving average is GBX 110.82 and its two-hundred day moving average is GBX 131.05. The company has a market cap of £1.12 billion, a P/E ratio of -6.33 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Buying and Selling

In related news, insider Kate Priestman bought 17,726 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 112 ($1.48) per share, for a total transaction of £19,853.12 ($26,274.64). Also, insider John O’Higgins purchased 77,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of GBX 97 ($1.28) per share, with a total value of £74,690 ($98,848.60). Insiders bought a total of 94,964 shares of company stock worth $9,484,318 in the last 90 days. 32.62% of the stock is owned by corporate 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.