NanoXplore (TSE:GRA) Shares Down 0.4% - Time to Sell?

NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price traded down 0.4% during trading on Wednesday . The stock traded as low as C$2.40 and last traded at C$2.41. 44,372 shares traded hands during trading, a decline of 52% from the average session volume of 92,026 shares. The stock had previously closed at C$2.42.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on NanoXplore from C$3.25 to C$3.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Raymond James lowered NanoXplore from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from C$4.00 to C$3.00 in a research report on Thursday, February 13th. Finally, National Bankshares reduced their price target 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.

NanoXplore Trading Down 0.4%

The firm has a 50-day moving average of C$2.41 and a 200-day moving average of C$2.39. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22. The firm has a market capitalization of C$412.91 million, a P/E ratio of -37.12 and a beta of 1.26.

NanoXplore Company Profile

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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