Oxford Nanopore Technologies (LON:ONT) Given “Buy” Rating at Citigroup

Citigroup reaffirmed their buy rating on shares of Oxford Nanopore Technologies (LON:ONT) in a research report sent to investors on Friday morning, LSE.Co.UK reports. They currently have a GBX 210 ($2.66) price objective on the stock.

Oxford Nanopore Technologies Trading Down 1.7 %

LON ONT opened at GBX 107 ($1.35) on Friday. The company has a current ratio of 5.01, a quick ratio of 6.01 and a debt-to-equity ratio of 6.47. The company’s fifty day simple moving average is GBX 135.31 and its 200-day simple moving average is GBX 171.39. The stock has a market cap of £919.67 million, a P/E ratio of -713.33 and a beta of 0.61. Oxford Nanopore Technologies has a 52 week low of GBX 107 ($1.35) and a 52 week high of GBX 279 ($3.53).

Insider Buying and Selling

In related news, insider Gurdial (Gordon) Sanghera purchased 39,196 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of GBX 127 ($1.61) per share, for a total transaction of £49,778.92 ($63,003.32). Over the last quarter, insiders purchased 39,421 shares of company stock worth $5,007,852. Insiders own 30.06% of the company’s stock.

Oxford Nanopore Technologies Company Profile

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.