NanoXplore (TSE:GRA) Trading Down 1.3% – Should You Sell?

NanoXplore Inc. (TSE:GRA) shares dropped 1.3% during trading on Tuesday . The stock traded as low as C$2.35 and last traded at C$2.36. Approximately 37,596 shares traded hands during trading, a decline of 62% from the average daily volume of 98,704 shares. The stock had previously closed at C$2.39.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GRA. National Bankshares lowered their price target on NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price on NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Raymond James lowered shares of NanoXplore from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$4.00 to C$3.00 in a report on Thursday, February 13th.

NanoXplore Trading Down 1.3 %

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 firm has a market cap of C$404.35 million, a price-to-earnings ratio of -36.35 and a beta of 1.26. The business has a fifty day simple moving average of C$2.44 and a 200-day simple moving average of C$2.40.

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.