Oxford Nanopore Technologies (LON:ONT) Stock Price Up 20.4% – Here’s What Happened

Oxford Nanopore Technologies plc (LON:ONT) rose 20.4% during mid-day trading on Monday . The company traded as high as GBX 164.30 ($2.01) and last traded at GBX 157.76 ($1.93). Approximately 22,145,789 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 29,453,256 shares. The stock had previously closed at GBX 131 ($1.60).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 235.50 ($2.88).

Oxford Nanopore Technologies Stock Down 2.1 %

The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The business’s fifty day simple moving average is GBX 139.18 and its two-hundred day simple moving average is GBX 133.19. The company has a market cap of £1.30 billion, a PE ratio of -692.00 and a beta of 0.80.

About Oxford Nanopore Technologies

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.