Shares of Oxford Nanopore Technologies plc (LON:ONT – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 91 ($1.16) and last traded at GBX 91.98 ($1.17), with a volume of 153546 shares traded. The stock had previously closed at GBX 92.30 ($1.17).
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ONT. Citigroup reaffirmed a “buy” rating and set a GBX 210 ($2.67) target price on shares of Oxford Nanopore Technologies in a research note on Friday, April 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 350 ($4.45) price objective on shares of Oxford Nanopore Technologies in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 303.75 ($3.86).
Read Our Latest Research Report on ONT
Oxford Nanopore Technologies Stock Down 0.4 %
Insiders Place Their Bets
In related news, insider Kate Priestman bought 23,564 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of GBX 106 ($1.35) per share, with a total value of £24,977.84 ($31,738.04). Insiders purchased 23,971 shares of company stock valued at $2,542,560 in the last three months. 29.98% of the stock is currently owned by insiders.
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.
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