BeOne Medicines Ltd. – Sponsored ADR (NASDAQ:ONC – Get Free Report) insider Titus Ball sold 169 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $257.20, for a total value of $43,466.80. Following the sale, the insider owned 99,645 shares in the company, valued at $25,628,694. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
BeOne Medicines Price Performance
Shares of ONC opened at $263.92 on Wednesday. BeOne Medicines Ltd. – Sponsored ADR has a 52 week low of $239.25 and a 52 week high of $385.22. The company has a current ratio of 3.64, a quick ratio of 3.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $28.96 billion, a price-to-earnings ratio of 59.04 and a beta of 0.49. The stock has a 50 day moving average of $297.63 and a 200-day moving average of $313.49.
BeOne Medicines (NASDAQ:ONC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $1.51 billion for the quarter. BeOne Medicines had a return on equity of 12.06% and a net margin of 8.94%. As a group, analysts forecast that BeOne Medicines Ltd. – Sponsored ADR will post 6.14 EPS for the current year.
Institutional Trading of BeOne Medicines
Analyst Ratings Changes
A number of brokerages recently weighed in on ONC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BeOne Medicines in a research report on Monday, April 20th. Wolfe Research began coverage on BeOne Medicines in a research note on Friday, March 27th. They issued an “outperform” rating and a $340.00 target price for the company. Guggenheim upped their target price on BeOne Medicines from $410.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price target on shares of BeOne Medicines in a research report on Thursday, May 7th. Finally, Wells Fargo & Company initiated coverage on BeOne Medicines in a report on Monday, May 4th. They issued an “overweight” rating and a $400.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $390.00.
Check Out Our Latest Report on BeOne Medicines
BeOne Medicines Company Profile
BeOne Medicines Ltd. is a global oncology company domiciled in Switzerland that is discovering and developing innovative treatments that are more affordable and accessible to cancer patients worldwide. The firm portfolio spanning hematology and solid tumors, BeOne is expediting development of its diverse pipeline of novel therapeutics through its internal capabilities and collaborations. The company was founded by Xiao Dong Wang and John V. Oyler on October 28, 2010 and is headquartered in Basel, Switzerland.
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