Xtract One Tech (TSE:XTR) Hits New 1-Year Low – Here’s What Happened

Xtract One Tech (TSE:XTR)’s share price hit a new 52-week low on Thursday. The company traded as low as C$0.43 and last traded at C$12.39, with a volume of 10,749 shares traded. The stock had previously closed at C$12.34.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. LADENBURG THALM/SH SH raised Xtract One Tech to a “strong-buy” rating in a report on Wednesday, October 7th. Canaccord Genuity Group upgraded Xtract One Tech to a “moderate buy” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Xtract One Tech Trading Down 0.3%

The stock has a 50-day moving average price of C$12.31 and a 200 day moving average price of C$12.28.

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.