Oxford Nanopore Technologies (LON:ONT) Trading Up 10% – What’s Next?

Shares of Oxford Nanopore Technologies plc (LON:ONT) were up 10% during trading on Saturday . The company traded as high as GBX 103.10 ($1.33) and last traded at GBX 102.20 ($1.32). Approximately 217,104,266 shares traded hands during mid-day trading, an increase of 1,552% from the average daily volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 235.50 ($3.04).

Oxford Nanopore Technologies Price Performance

The stock has a fifty day moving average of GBX 129.81 and a two-hundred day moving average of GBX 137.78. The stock has a market capitalization of £969.93 million, a price-to-earnings ratio of -5.50 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT) last released its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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