Oxford Nanopore Technologies (LON:ONT) Insider Acquires £51,840 in Stock

Oxford Nanopore Technologies plc (LON:ONT) insider Adrian Nevil Hennah bought 24,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was acquired at an average price of GBX 216 per share, for a total transaction of £51,840.

Oxford Nanopore Technologies Price Performance

LON ONT opened at GBX 208.60 on Thursday. The company has a 50 day simple moving average of GBX 171.33 and a 200-day simple moving average of GBX 137.41. The company has a debt-to-equity ratio of 9.86, a current ratio of 3.52 and a quick ratio of 6.01. The firm has a market capitalization of £2.04 billion, a price-to-earnings ratio of -16.69 and a beta of 0.87. Oxford Nanopore Technologies plc has a 52-week low of GBX 95.61 and a 52-week high of GBX 238.80.

Oxford Nanopore Technologies (LON:ONT) last posted its quarterly earnings results on Wednesday, August 19th. The company reported GBX (4.90) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 35.45% and a negative net margin of 54.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ONT shares. Peel Hunt reaffirmed a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price target on shares of Oxford Nanopore Technologies in a research note on Thursday, August 20th. Citigroup cut Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Berenberg Bank dropped their price objective on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 198.60.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.