Oxford Nanopore Technologies (LON:ONT) Shares Down 10.2% – Time to Sell?

Oxford Nanopore Technologies plc (LON:ONT) dropped 10.2% during trading on Monday . The company traded as low as GBX 127 ($1.59) and last traded at GBX 128.50 ($1.61). Approximately 3,354,197 shares traded hands during trading, an increase of 54% from the average daily volume of 2,182,529 shares. The stock had previously closed at GBX 143.10 ($1.79).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ONT. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 190 ($2.38) price target on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 282 ($3.54) price objective on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 235.50 ($2.95).

Oxford Nanopore Technologies Stock Performance

The company has a market cap of £1.27 billion, a price-to-earnings ratio of -676.50 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The stock’s fifty day simple moving average is GBX 142.03 and its two-hundred day simple moving average is GBX 129.81.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 142 ($1.78), for a total transaction of £2,830,870.82 ($3,548,791.30). Over the last 90 days, insiders have bought 310 shares of company stock worth $45,010. 32.62% of the stock is owned by insiders.

Oxford Nanopore Technologies Company Profile

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.