NanoXplore (TSE:GRA) Stock Price Up 1.8% - Still a Buy?

NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price traded up 1.8% on Monday . The company traded as high as C$2.30 and last traded at C$2.28. 48,173 shares were traded during mid-day trading, a decline of 48% from the average session volume of 92,217 shares. The stock had previously closed at C$2.24.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. National Bankshares lowered shares of NanoXplore from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$3.00 to C$2.80 in a research report on Thursday, May 22nd. Royal Bank of Canada cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. Raymond James downgraded NanoXplore from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$4.00 to C$3.00 in a research report on Thursday, February 13th. Finally, National Bank Financial upgraded NanoXplore to a "hold" rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$2.77.

NanoXplore Price Performance

The stock has a market cap of C$395.78 million, a P/E ratio of -35.58 and a beta of 1.26. 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 company's fifty day simple moving average is C$2.39 and its 200-day simple moving average is C$2.39.

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.