NIOX Group’s (NIOX) Buy Rating Reaffirmed at Berenberg Bank

NIOX Group (LON:NIOX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They presently have a GBX 90 ($1.19) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 50.05% from the stock’s previous close.

NIOX Group Price Performance

Shares of LON NIOX traded up GBX 0.18 ($0.00) during midday trading on Tuesday, reaching GBX 59.98 ($0.79). 3,839,065 shares of the company were exchanged, compared to its average volume of 1,157,542. The company has a quick ratio of 1.94, a current ratio of 6.31 and a debt-to-equity ratio of 1.10. NIOX Group has a one year low of GBX 53.40 ($0.70) and a one year high of GBX 80 ($1.05). The stock has a market cap of £24.63 billion, a P/E ratio of 2,475.27 and a beta of 0.92. The stock’s 50-day moving average price is GBX 65.67 and its 200-day moving average price is GBX 63.99.

NIOX Group (LON:NIOX) last released its earnings results on Tuesday, April 1st. The company reported GBX 2.27 ($0.03) earnings per share (EPS) for the quarter. NIOX Group had a net margin of 28.21% and a return on equity of 13.29%. On average, sell-side analysts anticipate that NIOX Group will post 1.1658256 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jonathan Emms purchased 127,454 shares of NIOX Group stock in a transaction that occurred on Tuesday, April 1st. The stock was bought at an average price of GBX 8 ($0.11) per share, for a total transaction of £10,196.32 ($13,444.51). Corporate insiders own 46.72% of the company’s stock.

About NIOX Group

NIOX Group Plc engages in the design, development, and commercialization of medical devices for the measurement of fractional exhaled nitric oxide (FeNo) worldwide. Its products include NIOX VERO, a non-invasive and point-of-care system that comprises a small portable device and a range of consumables, including sensors, individual disposable mouthpieces, and breathing handles for the measurement of FeNo level in patients.