NanoXplore (TSE:GRA) Stock Price Up 6.4% - Still a Buy?

NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price traded up 6.4% on Friday . The company traded as high as C$2.50 and last traded at C$2.50. 124,119 shares were traded during mid-day trading, an increase of 45% from the average session volume of 85,801 shares. The stock had previously closed at C$2.35.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GRA shares. National Bankshares downgraded shares of NanoXplore from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$3.00 to C$2.80 in a report on Thursday, May 22nd. National Bank Financial upgraded shares of NanoXplore to a "hold" rating in a research report on Sunday, June 8th. Finally, Royal Bank Of Canada lowered shares of NanoXplore from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$2.77.

NanoXplore Price Performance

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 50-day moving average is C$2.36 and its two-hundred day moving average is C$2.41. The company has a market cap of C$498.58 million, a P/E ratio of -44.82 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.