Oxford Nanopore Technologies (LON:ONT) Stock Price Up 20.4% – Here’s What Happened

Shares of Oxford Nanopore Technologies plc (LON:ONT) rose 20.4% during mid-day trading on Monday . The company traded as high as GBX 164.30 ($2.01) and last traded at GBX 157.76 ($1.93). Approximately 22,145,789 shares traded hands during trading, a decline of 25% from the average daily volume of 29,453,256 shares. The stock had previously closed at GBX 131 ($1.60).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 235.50 ($2.88).

Oxford Nanopore Technologies Price Performance

The company has a market cap of £1.30 billion, a P/E ratio of -692.00 and a beta of 0.80. 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’s fifty day moving average is GBX 139.18 and its two-hundred day moving average is GBX 133.19.

Oxford Nanopore Technologies Company Profile

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