Oxford Nanopore Technologies (LON:ONT) Releases Earnings Results

Oxford Nanopore Technologies (LON:ONT) posted its quarterly earnings results on Monday. The company reported GBX (15.10) earnings per share for the quarter, Digital Look Earnings reports. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Price Performance

LON:ONT opened at GBX 135.19 on Monday. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The business has a 50 day simple moving average of GBX 142.62 and a 200-day simple moving average of GBX 148.42. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of -9.13 and a beta of 0.80. Oxford Nanopore Technologies has a 1 year low of GBX 88.60 and a 1 year high of GBX 224.80.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Thursday, January 22nd. Peel Hunt reaffirmed a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on Oxford Nanopore Technologies from GBX 280 to GBX 300 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oxford Nanopore Technologies has a consensus rating of “Moderate Buy” and an average price target of GBX 233.60.

Oxford Nanopore Technologies Company Profile

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.