Xtract One Tech (TSE:XTR) Reaches New 12-Month Low – Time to Sell?

Xtract One Tech (TSE:XTR)’s stock price reached a new 52-week low on Friday. The stock traded as low as C$0.43 and last traded at C$12.38, with a volume of 3,984 shares changing hands. The stock had previously closed at C$12.38.

Wall Street Analysts Forecast Growth

XTR has been the topic of a number of recent research reports. Canaccord Genuity Group raised shares of Xtract One Tech to a “moderate buy” rating in a research report on Monday, July 6th. LADENBURG THALM/SH SH upgraded Xtract One Tech to a “strong-buy” rating in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Xtract One Tech currently has a consensus rating of “Strong Buy”.

Xtract One Tech Stock Performance

The stock’s 50 day simple moving average is C$12.30 and its 200 day simple moving average is C$12.18.

Xtract One Tech Company Profile

The investment objective of the Fund is to provide a consistent monthly cash distribution, with the potential for modest long-term capital growth, by investing primarily in exchange-traded funds listed on a recognized Canadian Stock Exchange and managed by BlackRock Canada or an affiliate (Canadian iShares Fund) that provide exposure to a diversified portfolio of income-bearing investments. Exposure to these types of income-bearing investments may also be obtained by investing directly in them and/or through the use of derivatives.