NanoXplore (TSE:GRA) Trading Down 1.3% – Here’s Why

NanoXplore Inc. (TSE:GRA) was down 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 changed hands during mid-day 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 brokerages have recently issued reports on GRA. Raymond James downgraded shares of NanoXplore from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$4.00 to C$3.00 in a report on Thursday, February 13th. Royal Bank of Canada lowered their price target on NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, National Bankshares dropped their target price on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th.

NanoXplore Stock Performance

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$407.77 million, a PE ratio of -36.66 and a beta of 1.26. The business’s 50-day moving average is C$2.43 and its 200 day moving average is 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.