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

Oxford Nanopore Technologies plc (LON:ONT) shares dropped 10.2% 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 were traded during mid-day 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).

Analysts Set New Price Targets

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

Oxford Nanopore Technologies Stock Up 5.3 %

The company’s 50-day simple moving average is GBX 142.03 and its two-hundred day simple moving average is GBX 129.81. The firm has a market cap of £1.27 billion, a PE 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.

Insider Transactions at Oxford Nanopore Technologies

In other news, insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of the business’s stock in a transaction that occurred on 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 ninety days, insiders bought 310 shares of company stock worth $45,010. Company insiders own 32.62% of the company’s stock.

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.