NanoXplore (TSE:GRA) Sets New 12-Month Low – Here’s Why

NanoXplore Inc. (TSE:GRA) reached a new 52-week low on Monday . The company traded as low as C$2.09 and last traded at C$2.10, with a volume of 48427 shares traded. The stock had previously closed at C$2.16.

Analyst Ratings Changes

Separately, Ventum Financial lifted their target price on NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, NanoXplore presently has an average rating of “Hold” and an average price target of C$3.10.

NanoXplore Price Performance

The firm has a market cap of C$384.63 million, a P/E ratio of -30.29 and a beta of 0.22. The firm’s fifty day simple moving average is C$2.44 and its 200 day simple moving average is C$2.59. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22.

NanoXplore (TSE:GRA) last posted its earnings results on Tuesday, February 10th. The company reported C($0.02) EPS for the quarter. NanoXplore had a negative return on equity of 10.48% and a negative net margin of 8.09%.The firm had revenue of C$27.58 million during the quarter. As a group, analysts forecast that NanoXplore Inc. will post 0.02 earnings per share for the current year.

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.