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

Oxford Nanopore Technologies plc (LON:ONT)’s share price dropped 14.3% during trading on Tuesday . The company traded as low as GBX 89.30 ($1.13) and last traded at GBX 90.10 ($1.14). Approximately 388,954,125 shares were traded during trading, an increase of 2,270% from the average daily volume of 16,414,316 shares. The stock had previously closed at GBX 105.10 ($1.34).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued 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, the stock presently has a consensus rating of “Buy” and an average price target of GBX 235.50 ($2.99).

Oxford Nanopore Technologies Trading Down 14.3 %

The business has a fifty day simple moving average of GBX 132.94 and a 200-day simple moving average of GBX 138.65. 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 firm has a market cap 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 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 return on equity of 26.02% and a negative net margin of 94.82%.

Oxford Nanopore Technologies Company Profile

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