Oxford Biomedica (LON:OXB) Announces Quarterly Earnings Results

Oxford Biomedica (LON:OXBGet Free Report) announced its quarterly earnings results on Wednesday. The biopharmaceutical company reported GBX (30.39) earnings per share for the quarter, Digital Look Earnings reports. Oxford Biomedica had a negative net margin of 17.85% and a negative return on equity of 48.56%.

Oxford Biomedica Stock Performance

Shares of LON:OXB traded down GBX 10 during trading on Wednesday, reaching GBX 483. The company had a trading volume of 650,515 shares, compared to its average volume of 1,106,726. Oxford Biomedica has a fifty-two week low of GBX 420 and a fifty-two week high of GBX 952. The company has a debt-to-equity ratio of 162.16, a current ratio of 2.20 and a quick ratio of 1.67. The stock’s fifty day moving average price is GBX 515.68 and its 200 day moving average price is GBX 577.12. The firm has a market capitalization of £584.66 million, a price-to-earnings ratio of -17.94 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 8.27 target price on shares of Oxford Biomedica in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 595 target price on shares of Oxford Biomedica in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 900 price target on shares of Oxford Biomedica in a research note on Tuesday, September 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 580.85.

Check Out Our Latest Stock Report on Oxford Biomedica

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Oxford Biomedica Company Profile

(Get Free Report)

Oxford Biomedica (LSE: OXB) is a quality and innovation-led cell and gene therapy CDMO with a mission to enable its clients to deliver life changing therapies to patients around the world.

One of the original pioneers in cell and gene therapy, the Company has more than 25 years of experience in viral vectors; the driving force behind the majority of gene therapies. The Company collaborates with some of the world’s most innovative pharmaceutical and biotechnology companies, providing viral vector development and manufacturing expertise in lentivirus, adeno-associated virus (AAV) and adenoviral vectors.

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