Oxford Nanopore Technologies’ (ONT) “Buy” Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of Oxford Nanopore Technologies (LON:ONTFree Report) in a report released on Friday, LSE.Co.UK reports. Citigroup currently has a GBX 210 ($2.66) price objective on the stock.

Oxford Nanopore Technologies Price Performance

Shares of Oxford Nanopore Technologies stock 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 firm has a fifty day simple moving average of GBX 135.31 and a 200-day simple moving average of GBX 170.93. The stock has a market capitalization of £920.16 million, a price-to-earnings ratio of -713.33 and a beta of 0.59. Oxford Nanopore Technologies has a 1-year low of GBX 107 ($1.35) and a 1-year high of GBX 279 ($3.53).

Insiders Place Their Bets

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera purchased 39,196 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of GBX 127 ($1.61) per share, for a total transaction of £49,778.92 ($63,003.32). Insiders have purchased 39,421 shares of company stock worth $5,007,852 in the last ninety days. Insiders own 30.07% of the company’s stock.

About Oxford Nanopore Technologies

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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.

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