Oxford Nanopore Technologies (LON:ONT) Stock Price Down 3% – Time to Sell?

Oxford Nanopore Technologies plc (LON:ONT) dropped 3% on Monday . The company traded as low as GBX 138.20 ($1.72) and last traded at GBX 141.37 ($1.76). Approximately 1,936,480 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 11,134,410 shares. The stock had previously closed at GBX 145.80 ($1.81).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 235.50 ($2.93).

Oxford Nanopore Technologies Stock Performance

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 stock has a 50 day moving average of GBX 142.21 and a 200 day moving average of GBX 137.84. The stock has a market capitalization of £1.33 billion, a P/E ratio of -706.87 and a beta of 0.80.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.