NanoXplore (TSE:GRA) Hits New 1-Year Low – Here’s Why

NanoXplore Inc. (TSE:GRA)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as C$1.18 and last traded at C$1.19, with a volume of 31,789 shares changing hands. The stock had previously closed at C$1.20.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GRA shares. National Bank Financial cut their price objective on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Royal Bank Of Canada lowered their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$2.65.

NanoXplore Price Performance

The firm’s 50-day moving average is C$1.52 and its two-hundred day moving average is C$1.73. The company has a market cap of C$217.78 million, a P/E ratio of -17.14 and a beta of -0.17. The company has a debt-to-equity ratio of 42.69, a current ratio of 2.58 and a quick ratio of 2.01.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.