Oxford Nanopore Technologies (LON:ONT) Sets New 12-Month Low at $91.24

Oxford Nanopore Technologies plc (LON:ONT) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 91.24 ($1.13) and last traded at GBX 93.65 ($1.16), with a volume of 609717 shares trading hands. The stock had previously closed at GBX 102.60 ($1.27).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ONT. Citigroup reissued a “buy” rating and issued a GBX 210 ($2.59) price objective on shares of Oxford Nanopore Technologies in a research report on Friday, April 12th. Berenberg Bank restated a “buy” rating and set a GBX 350 ($4.32) target price on shares of Oxford Nanopore Technologies in a research note on Wednesday, April 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies has a consensus rating of “Buy” and an average price target of GBX 303.75 ($3.75).

Oxford Nanopore Technologies Trading Down 9.3 %

The company has a current ratio of 5.01, a quick ratio of 6.01 and a debt-to-equity ratio of 6.47. The business’s 50 day moving average price is GBX 126.20 and its 200-day moving average price is GBX 165.55. The company has a market cap of £800.62 million, a price-to-earnings ratio of -620.67 and a beta of 0.59.

Insiders Place Their Bets

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera acquired 39,196 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of GBX 127 ($1.57) per share, for a total transaction of £49,778.92 ($61,485.82). Insiders acquired 39,421 shares of company stock worth $5,007,852 in the last quarter. 30.07% of the stock is currently owned by corporate 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.