Oxford Nanopore Technologies (LON:ONT) Trading Down 10.2% – Here’s Why

Oxford Nanopore Technologies plc (LON:ONT)’s share price fell 10.2% on Monday . The stock traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). 3,354,197 shares traded hands during trading, an increase of 54% from the average session volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).

Wall Street Analyst Weigh In

ONT has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and issued a GBX 282 ($3.54) price objective on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 190 ($2.38) price target on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Stock Performance

The firm has a market cap of £1.27 billion, a PE ratio of -676.50 and a beta of 0.80. The stock has a 50-day moving average price of GBX 142.03 and a 200 day moving average price of GBX 129.81. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

Insider Buying and Selling at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of Oxford Nanopore Technologies stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.78), for a total value of £2,830,870.82 ($3,548,791.30). Insiders acquired 310 shares of company stock worth $45,010 in the last 90 days. 32.62% of the stock is owned by company insiders.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.