Oxford Nanopore Technologies (LON:ONT) Stock Price Down 14.3% – Here’s Why

Oxford Nanopore Technologies plc (LON:ONT)’s share price dropped 14.3% 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 mid-day 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. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Price Performance

The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The company has a 50-day moving average of GBX 132.94 and a 200-day moving average of GBX 138.65. The stock has a market capitalization of £855.09 million, a price-to-earnings ratio of -4.85 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last issued its quarterly earnings data 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.