Oxford Nanopore Technologies (LON:ONT) Trading 3.4% Higher – Time to Buy?

Oxford Nanopore Technologies plc (LON:ONT) shot up 3.4% on Friday . The stock traded as high as GBX 113.40 ($1.43) and last traded at GBX 112.60 ($1.42). 3,955,325 shares traded hands during trading, a decline of 50% from the average session volume of 7,881,439 shares. The stock had previously closed at GBX 108.90 ($1.37).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Oxford Nanopore Technologies presently has a consensus rating of “Buy” and an average target price of GBX 235.50 ($2.96).

Oxford Nanopore Technologies Price Performance

The firm has a fifty day moving average of GBX 133.41 and a 200 day moving average of GBX 138.76. The company has a market capitalization of £1.07 billion, a P/E ratio of -6.06 and a beta of 0.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

About Oxford Nanopore Technologies

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.