Oxford Nanopore Technologies (LON:ONT) Shares Down 0.3% – Should You Sell?

Oxford Nanopore Technologies plc (LON:ONTGet Free Report)’s share price dropped 0.3% during mid-day trading on Friday . The company traded as low as GBX 126.50 and last traded at GBX 128. Approximately 14,141,789 shares changed hands during trading, an increase of 178% from the average daily volume of 5,079,819 shares. The stock had previously closed at GBX 128.40.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ONT. Royal Bank Of Canada increased their price target on Oxford Nanopore Technologies from GBX 250 to GBX 280 and gave the company an “outperform” rating in a research report on Monday, September 8th. Peel Hunt reaffirmed a “hold” rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oxford Nanopore Technologies from GBX 190 to GBX 210 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 226.60.

View Our Latest Stock Analysis on Oxford Nanopore Technologies

Oxford Nanopore Technologies Stock Performance

The stock has a market capitalization of £1.24 billion, a PE ratio of -8.65 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm has a 50 day moving average of GBX 131.61 and a 200-day moving average of GBX 154.35.

Oxford Nanopore Technologies Company Profile

(Get Free Report)

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. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

Further Reading

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