NanoXplore (TSE:GRA) Stock Price Up 0.4% - Still a Buy?

Key Points

• NanoXplore Inc. (TSE:GRA) experienced a 0.4% increase in its stock price, trading at C$2.75, with a notable decline in trading volume of 42% compared to its average.
• Analysts have generally rated the stock as a "hold," with recent price targets lowered to between C$2.50 and C$2.80; the consensus price target is C$2.77.
• The company focuses on supplying graphene-enhanced products for industrial markets, generating most of its revenue from the United States.

NanoXplore Inc. (TSE:GRA - Get Free Report) was up 0.4% on Thursday . The stock traded as high as C$2.75 and last traded at C$2.75. Approximately 52,220 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 90,411 shares. The stock had previously closed at C$2.74.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GRA shares. Royal Bank Of Canada cut NanoXplore from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$3.00 to C$2.50 in a report on Wednesday, May 21st. National Bankshares lowered NanoXplore from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$3.00 to C$2.80 in a research report on Thursday, May 22nd. Finally, National Bank Financial raised NanoXplore to a "hold" rating in a research report on Sunday, June 8th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NanoXplore currently has a consensus rating of "Hold" and a consensus price target of C$2.77.

NanoXplore Trading Down 5.4%

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 company has a market cap of C$454.04 million, a P/E ratio of -40.81 and a beta of 1.26. The stock has a 50-day moving average of C$2.40 and a two-hundred day moving average of C$2.42.

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.