Oxford Nanopore Technologies plc (LON:ONT) Insider Sells £2,830,870.82 in Stock

Oxford Nanopore Technologies plc (LON:ONT) insider Gurdial (Gordon) Sanghera sold 1,993,571 shares of Oxford Nanopore Technologies stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 142 ($1.85), for a total transaction of £2,830,870.82 ($3,696,618.99).

Oxford Nanopore Technologies Stock Performance

Shares of ONT opened at GBX 142.50 ($1.86) on Wednesday. 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 plc has a one year low of GBX 85 ($1.11) and a one year high of GBX 229.40 ($3.00). The company’s fifty day moving average price is GBX 139.55 and its 200 day moving average price is GBX 118.62. The company has a market capitalization of £1.34 billion, a PE ratio of -694.00 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ONT. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 282 ($3.68) price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 260 ($3.40) price target on shares of Oxford Nanopore Technologies in a research note on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 190 ($2.48) price objective on shares of Oxford Nanopore Technologies in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Oxford Nanopore Technologies currently has an average rating of “Buy” and a consensus price target of GBX 235.50 ($3.08).

About Oxford Nanopore Technologies

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.