NanoXplore (TSE:GRA) Reaches New 12-Month Low – Here’s What Happened

NanoXplore Inc. (TSE:GRA) hit a new 52-week low on Wednesday. The company traded as low as C$1.30 and last traded at C$1.36, with a volume of 142014 shares trading hands. The stock had previously closed at C$1.43.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. National Bank Financial decreased their target price on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Royal Bank Of Canada reduced their price target on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NanoXplore has a consensus rating of “Hold” and an average target price of C$2.65.

NanoXplore Stock Down 4.9%

The business has a 50-day simple moving average of C$1.56 and a two-hundred day simple moving average of C$1.77. The company has a market capitalization of C$246.82 million, a price-to-earnings ratio of -19.43 and a beta of -0.17. The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58.

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.