Xtract One Technologies (TSE:XTRA) Stock Falls 14.8% – Time to Sell?

Xtract One Technologies Inc. (TSE:XTRA) shares fell 14.8% on Thursday. The company traded as low as C$0.44 and last traded at C$0.46. Approximately 477,051 shares were traded during mid-day trading, an increase of 205% from the average session volume of 156,256 shares. The stock had previously closed at C$0.54.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$1.20 price objective on shares of Xtract One Technologies and gave the company a “speculative buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Xtract One Technologies presently has an average rating of “Buy” and a consensus target price of C$1.20.

Xtract One Technologies Stock Down 18.5%

The firm has a market cap of C$114.37 million, a price-to-earnings ratio of -14.67 and a beta of 1.85. The company has a 50-day moving average price of C$0.53 and a 200 day moving average price of C$0.53.

About Xtract One Technologies

Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved ‘Walk-right-In’ experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic.