National Bank Financial Upgrades NanoXplore (TSE:GRA) to Hold

NanoXplore (TSE:GRA - Get Free Report) was upgraded by equities researchers at National Bank Financial to a "hold" rating in a research note issued on Sunday,Zacks.com reports.

A number of other research firms also recently commented on GRA. Royal Bank of Canada downgraded NanoXplore from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. Raymond James cut shares of NanoXplore from an "outperform" rating to a "market perform" rating and dropped their target price for the company from C$4.00 to C$3.00 in a research report on Thursday, February 13th. Finally, National Bankshares downgraded shares of NanoXplore from an "outperform" rating to a "sector perform" rating and cut 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 and one has given a strong buy rating to the company's stock. Based on 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

Shares of TSE GRA traded up C$0.03 during midday trading on Friday, reaching C$2.31. The company's stock had a trading volume of 13,942 shares, compared to its average volume of 91,512. 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$395.78 million, a P/E ratio of -35.58 and a beta of 1.26. The business's 50 day moving average price is C$2.39 and its two-hundred day moving average price is C$2.39. NanoXplore has a fifty-two week low of C$2.03 and a fifty-two week high of C$2.87.

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.