Oxford Nanopore Technologies (LON:ONT) Trading Up 9.8% – Still a Buy?

Oxford Nanopore Technologies plc (LON:ONT)’s share price shot up 9.8% during mid-day trading on Tuesday . The stock traded as high as GBX 183 and last traded at GBX 183. Approximately 3,817,042 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 9,578,775 shares. The stock had previously closed at GBX 166.70.

Analyst Upgrades and Downgrades

Several research firms recently commented on ONT. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 target price on shares of Oxford Nanopore Technologies in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Citigroup lowered shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Peel Hunt reissued a “hold” rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Finally, Berenberg Bank lowered their price objective on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Oxford Nanopore Technologies presently has an average rating of “Moderate Buy” and an average price target of GBX 193.25.

Oxford Nanopore Technologies Trading Up 9.8%

The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86. The firm has a market capitalization of £1.78 billion, a PE ratio of -12.12 and a beta of 0.91. The stock’s fifty day simple moving average is GBX 121.04 and its 200 day simple moving average is GBX 122.74.

Oxford Nanopore Technologies (LON:ONT) last issued its quarterly earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 35.45% and a negative net margin of 54.66%.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.