NanoXplore (TSE:GRA) Trading Down 1.3% – What’s Next?

NanoXplore Inc. (TSE:GRA)’s stock price fell 1.3% during trading on Tuesday . The company traded as low as C$2.35 and last traded at C$2.36. 37,596 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 98,704 shares. The stock had previously closed at C$2.39.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. National Bankshares decreased their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada dropped their price target on NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Raymond James cut NanoXplore from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$4.00 to C$3.00 in a research note on Thursday, February 13th.

NanoXplore Price Performance

The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. The business’s 50 day simple moving average is C$2.44 and its two-hundred day simple moving average is C$2.40. The stock has a market capitalization of C$404.35 million, a P/E ratio of -36.35 and a beta of 1.26.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.