Oxford Nanopore Technologies (LON:ONT) Trading Up 9.8% – Should You Buy?

Shares of Oxford Nanopore Technologies plc (LON:ONT) rose 9.8% on Tuesday . The company traded as high as GBX 183 and last traded at GBX 183. 3,817,042 shares traded hands during trading, a decline of 60% from the average daily volume of 9,578,775 shares. The stock had previously closed at GBX 166.70.

Analyst Ratings Changes

A number of brokerages recently issued reports on ONT. Berenberg Bank cut their price objective on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Peel Hunt restated a “hold” rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Citigroup lowered shares of Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 193.25.

Oxford Nanopore Technologies Stock Up 9.8%

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 £1.78 billion, a PE ratio of -12.12 and a beta of 0.91. The company’s 50 day moving average is GBX 121.04 and its two-hundred day moving average is GBX 122.74.

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

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.