NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price fell 0.4% on Wednesday . The company traded as low as C$2.40 and last traded at C$2.41. 44,372 shares were traded during mid-day trading, a decline of 52% from the average session volume of 92,026 shares. The stock had previously closed at C$2.42.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Royal Bank of Canada cut 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. National Bankshares decreased their target price on NanoXplore from C$3.50 to C$3.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. National Bank Financial cut NanoXplore from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Raymond James cut NanoXplore from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$4.00 to C$3.00 in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NanoXplore presently has a consensus rating of "Moderate Buy" and an average price target of C$3.00.
View Our Latest Stock Report on NanoXplore
NanoXplore Stock Down 0.8%
The firm has a market cap of C$407.77 million, a price-to-earnings ratio of -36.66 and a beta of 1.26. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The firm's fifty day moving average is C$2.41 and its two-hundred day moving average is C$2.39.
About NanoXplore
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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.
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