NanoXplore (TSE:GRA) Rating Lowered to "Hold" at National Bank Financial

NanoXplore (TSE:GRA - Get Free Report) was downgraded by stock analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also issued reports on GRA. Raymond James lowered shares of NanoXplore from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$4.00 to C$3.00 in a research note on Thursday, February 13th. Royal Bank of Canada reduced their price target on shares of NanoXplore from C$3.25 to C$3.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, National Bankshares reduced their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$3.00.

NanoXplore Stock Performance

Shares of NanoXplore stock traded down C$0.04 on Thursday, reaching C$2.36. 116,411 shares of the stock were exchanged, compared to its average volume of 92,478. NanoXplore has a 1-year low of C$2.03 and a 1-year high of C$2.89. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. The business has a fifty day moving average price of C$2.41 and a two-hundred day moving average price of C$2.39. The firm has a market capitalization of C$404.35 million, a PE 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.