Oxford Nanopore Technologies (LON:ONT) Shares Up 1.1% – Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price shot up 1.1% during mid-day trading on Monday . The stock traded as high as GBX 152.10 ($2.04) and last traded at GBX 151 ($2.03). 808,612 shares traded hands during trading, a decline of 85% from the average session volume of 5,547,521 shares. The stock had previously closed at GBX 149.30 ($2.01).

Analyst Ratings Changes

Several research firms have issued reports on ONT. Berenberg Bank reissued a “buy” rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Oxford Nanopore Technologies from GBX 190 to GBX 210 and gave the company a “buy” rating in a report on Thursday, September 11th. Royal Bank Of Canada boosted their price target on Oxford Nanopore Technologies from GBX 250 to GBX 280 and gave the company an “outperform” rating in a report on Monday, September 8th. Finally, Citigroup boosted their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 245.

Oxford Nanopore Technologies Stock Performance

The business has a 50 day moving average of GBX 186.94 and a 200 day moving average of GBX 145.89. The company has a market capitalization of £1.45 billion, a P/E ratio of -1,020.27 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 announced its quarterly earnings results on Tuesday, September 2nd. The company reported GBX (7.50) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA.