Oxford Nanopore Technologies (LON:ONT) Hits New 1-Year Low at $105.80

Oxford Nanopore Technologies plc (LON:ONT) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 105.80 ($1.34) and last traded at GBX 106.60 ($1.35), with a volume of 12682 shares. The stock had previously closed at GBX 107 ($1.35).

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating and issued a GBX 210 ($2.66) target price on shares of Oxford Nanopore Technologies in a research note on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 348.50 ($4.41).

Oxford Nanopore Technologies Stock Performance

The stock has a market capitalization of £916.72 million, a PE ratio of -713.33 and a beta of 0.59. The business has a 50 day moving average price of GBX 135.31 and a 200 day moving average price of GBX 170.93. The company has a debt-to-equity ratio of 6.47, a current ratio of 5.01 and a quick ratio of 6.01.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera acquired 39,196 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of GBX 127 ($1.61) per share, with a total value of £49,778.92 ($63,003.32). Insiders have acquired 39,421 shares of company stock valued at $5,007,852 over the last ninety days. Insiders own 30.07% of the company’s stock.

Oxford Nanopore Technologies Company Profile

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.