Oxford Nanopore Technologies (LON:ONT) Stock Price Down 8.7% – Here’s What Happened

Oxford Nanopore Technologies plc (LON:ONT)’s stock price fell 8.7% on Friday . The stock traded as low as GBX 104 and last traded at GBX 104.50. 2,707,194 shares changed hands during trading, a decline of 74% from the average session volume of 10,334,964 shares. The stock had previously closed at GBX 114.50.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada cut their price objective on Oxford Nanopore Technologies from GBX 300 to GBX 225 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 218.60.

Oxford Nanopore Technologies Stock Up 3.4%

The company has a 50-day simple moving average of GBX 126.70 and a 200 day simple moving average of GBX 135.77. The company has a market cap of £1.05 billion, a P/E ratio of -7.16 and a beta of 0.88. The company has a current ratio of 3.56, a quick ratio of 6.01 and a debt-to-equity ratio of 8.96.

Oxford Nanopore Technologies (LON:ONT) last announced its quarterly earnings data on Monday, March 2nd. The company reported GBX (15.10) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 64.85% and a negative return on equity of 29.43%.

About Oxford Nanopore Technologies

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.