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

Shares of Xtract One Tech (TSE:XTR) hit a new 52-week low on Friday. The company traded as low as C$0.37 and last traded at C$12.45, with a volume of 6,702 shares trading hands. The stock had previously closed at C$12.45.

Analysts Set New Price Targets

Separately, Ladenburg Thalmann & Co. Inc. raised Xtract One Tech to a “strong-buy” rating in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Xtract One Tech presently has an average rating of “Strong Buy”.

Xtract One Tech Stock Performance

The company has a fifty day moving average of C$12.30 and a 200-day moving average of C$12.21.

About Xtract One Tech

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.