NanoXplore (TSE:GRA) Trading Down 0.8% – Should You Sell?

NanoXplore Inc. (TSE:GRA)’s share price fell 0.8% during trading on Monday . The company traded as low as C$2.44 and last traded at C$2.48. 150,365 shares changed hands during trading, an increase of 47% from the average session volume of 102,213 shares. The stock had previously closed at C$2.50.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GRA. National Bankshares decreased their target price 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 reduced their price target on NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Raymond James cut NanoXplore from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$4.00 to C$3.00 in a research note on Thursday, February 13th.

NanoXplore Stock Performance

The company has a market capitalization of C$412.91 million, a PE ratio of -37.12 and a beta of 1.26. The company has a 50 day moving average of C$2.46 and a two-hundred day moving average of C$2.38. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01.

About NanoXplore

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.