Oxford Nanopore Technologies (LON:ONT) Stock Price Down 3% – Time to Sell?

Oxford Nanopore Technologies plc (LON:ONT)’s stock price traded down 3% on Monday . The stock traded as low as GBX 138.20 ($1.72) and last traded at GBX 141.37 ($1.76). 1,936,480 shares changed hands during trading, a decline of 83% from the average session volume of 11,134,410 shares. The stock had previously closed at GBX 145.80 ($1.81).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 235.50 ($2.93).

Oxford Nanopore Technologies Stock Down 3.0 %

The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of -706.87 and a beta of 0.80. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The firm has a 50-day moving average of GBX 142.21 and a two-hundred day moving average of GBX 137.84.

About Oxford Nanopore Technologies

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