Oxford Nanopore Technologies (LON:ONT) Shares Down 14.3% – Time to Sell?

Oxford Nanopore Technologies plc (LON:ONT) dropped 14.3% during trading on Tuesday . The stock traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). Approximately 50,400,641 shares changed hands during trading, an increase of 478% from the average daily volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.34).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies presently has a consensus rating of “Buy” and an average target price of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Stock Performance

The firm has a 50 day moving average of GBX 132.03 and a two-hundred day moving average of GBX 138.42. The stock has a market cap of £855.09 million, a PE ratio of -4.85 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

Oxford Nanopore Technologies (LON:ONT) last released its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.20)) earnings per share (EPS) 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.