NanoXplore (TSE:GRA) Trading Down 0.6% - What's Next?

NanoXplore Inc. (TSE:GRA - Get Free Report) shares fell 0.6% during mid-day trading on Monday . The company traded as low as C$3.07 and last traded at C$3.08. 30,932 shares were traded during trading, a decline of 68% from the average session volume of 96,853 shares. The stock had previously closed at C$3.10.

Analyst Upgrades and Downgrades

GRA has been the topic of a number of analyst reports. National Bank Financial raised shares of NanoXplore to a "hold" rating in a research note on Sunday, June 8th. Royal Bank Of Canada cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. Finally, National Bankshares lowered NanoXplore from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$3.00 to C$2.80 in a report on Thursday, May 22nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$2.77.

NanoXplore Price Performance

The stock has a fifty day moving average of C$2.89 and a 200-day moving average of C$2.56. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. The stock has a market capitalization of C$544.24 million, a price-to-earnings ratio of -53.17 and a beta of 0.50.

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.