Oxford Nanopore Technologies (OTC:ONTTF) Trading Up 4.7% – Here’s What Happened

Oxford Nanopore Technologies plc (OTC:ONTTF)’s share price rose 4.7% on Thursday . The stock traded as high as $1.99 and last traded at $1.99. Approximately 33,333 shares changed hands during mid-day trading, an increase of 99% from the average daily volume of 16,751 shares. The stock had previously closed at $1.90.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Oxford Nanopore Technologies in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Oxford Nanopore Technologies Price Performance

The business’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $2.13.

About Oxford Nanopore Technologies

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. The company operates in Life Science Research Tools and Covid Testing segments. It offers MinION, a portable device for DNA and RNA; GridION, a flexible and self-contained benchtop nanopore sequencer to run and analyse up to five MinION or Flongle flow cells; MinION Mk 1C, a nano pore-based sequencer with analysis software and connectivity for self-contained and portable sequencing; Flongle, an adapter for MinION or GridION that enables DNA sequencing or cDNA sequencing on smaller and single-use flow cells; and PromethION 2 Solo, a sequencer for two PromethION flow cells.