Oxford Nanopore Technologies (LON:ONT) Shares Up 10% – Here’s Why

Oxford Nanopore Technologies plc (LON:ONT)’s stock price rose 10% during trading on Saturday . The stock traded as high as GBX 103.10 ($1.33) and last traded at GBX 102.20 ($1.32). Approximately 217,104,266 shares were traded during mid-day trading, an increase of 1,552% from the average daily volume of 13,141,608 shares. The stock had previously closed at GBX 92.90 ($1.20).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Oxford Nanopore Technologies has an average rating of “Buy” and a consensus target price of GBX 235.50 ($3.04).

Oxford Nanopore Technologies Stock Performance

The firm has a market capitalization of £969.93 million, a PE ratio of -5.50 and a beta of 0.80. The firm’s 50 day moving average price is GBX 129.81 and its 200-day moving average price is GBX 137.78. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.

Oxford Nanopore Technologies (LON:ONT) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Oxford Nanopore Technologies Company Profile

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