Oxford Nanopore Technologies (LON:ONT) Shares Down 9% – Should You Sell?

Oxford Nanopore Technologies plc (LON:ONT – Get Free Report)’s stock price fell 9% on Thursday. The stock traded as low as GBX 198.40 and last traded at GBX 200.80. 3,413,419 shares were traded during trading, a decline of 65% from the average session volume of 9,695,631 shares. The stock had previously closed at GBX 220.60.

Analyst Ratings Changes

A number of brokerages recently issued reports on ONT. Berenberg Bank dropped their price target on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Peel Hunt reiterated a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 198.60.

Check Out Our Latest Report on ONT

Oxford Nanopore Technologies Trading Up 4.1%

The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86. The stock has a market capitalization of £2.05 billion, a PE ratio of -16.73 and a beta of 0.87. The stock has a 50 day moving average price of GBX 165.48 and a 200-day moving average price of GBX 135.29.

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

Insider Buying and Selling

In related news, insider Nick Keher acquired 15,325 shares of Oxford Nanopore Technologies stock in a transaction on Friday, September 4th. The shares were bought at an average cost of GBX 162 per share, with a total value of £24,826.50. Insiders bought a total of 15,993 shares of company stock valued at $2,572,680 in the last ninety days. Company insiders own 2.53% of the company’s stock.

Oxford Nanopore Technologies Company Profile

(Get Free Report)

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.

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