Oxford Nanopore Technologies (LON:ONT) Shares Down 14.3% – Time to Sell?

Oxford Nanopore Technologies plc (LON:ONT) dropped 14.3% on Wednesday . The stock traded as low as GBX 89.30 ($1.14) and last traded at GBX 90.10 ($1.15). Approximately 50,400,641 shares changed hands during mid-day trading, an increase of 478% from the average daily volume of 8,719,918 shares. The stock had previously closed at GBX 105.10 ($1.34).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 235.50 ($3.01).

Oxford Nanopore Technologies Price Performance

The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The stock has a market capitalization of £856.51 million, a price-to-earnings ratio of -4.86 and a beta of 0.80. The stock has a 50-day moving average price of GBX 132.03 and a 200 day moving average price of GBX 138.42.

Oxford Nanopore Technologies (LON:ONT) last issued its earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.20)) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

About Oxford Nanopore Technologies

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