Oxford Nanopore Technologies (LON:ONT) Insider Adrian Nevil Hennah Buys 24,000 Shares of Stock

Oxford Nanopore Technologies plc (LON:ONT) insider Adrian Nevil Hennah bought 24,000 shares of the business’s stock in a transaction on Monday, October 12th. The stock was purchased at an average cost of GBX 216 per share, for a total transaction of £51,840.

Oxford Nanopore Technologies Trading Up 2.7%

LON ONT traded up GBX 5.72 during trading on Monday, hitting GBX 214.84. The stock had a trading volume of 1,442,846 shares, compared to its average volume of 9,626,723. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86. The company has a market capitalization of £2.10 billion, a PE ratio of -17.19 and a beta of 0.87. The firm has a 50 day moving average price of GBX 165.48 and a 200 day moving average price of GBX 135.42. Oxford Nanopore Technologies plc has a twelve month low of GBX 95.61 and a twelve month high of GBX 238.80.

Oxford Nanopore Technologies (LON:ONT) last announced its earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 35.45% and a negative net margin of 54.66%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Peel Hunt reissued a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 price objective on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Berenberg Bank reduced their target price on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a report on Wednesday, August 19th. Finally, Citigroup downgraded Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 198.60.

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.