Xtract One Technologies (TSE:XTRA) Stock Price Down 3.7% – Should You Sell?

Shares of Xtract One Technologies Inc. (TSE:XTRA) dropped 3.7% during trading on Tuesday . The company traded as low as C$0.51 and last traded at C$0.52. Approximately 114,129 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 172,018 shares. The stock had previously closed at C$0.54.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$1.20 target price on Xtract One Technologies and gave the company a “speculative buy” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$1.20.

Xtract One Technologies Stock Performance

The company has a market capitalization of C$135.16 million, a P/E ratio of -17.33 and a beta of 1.88. The stock’s 50 day moving average price is C$0.58 and its 200 day moving average price is C$0.52.

Xtract One Technologies (TSE:XTRA) last issued its quarterly earnings results on Wednesday, June 10th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$10.26 million during the quarter.

About Xtract One Technologies

Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative multi-sensor Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.