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

Xtract One Tech (TSE:XTR)’s stock price reached a new 52-week low during mid-day trading 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 trading hands. The stock had previously closed at C$12.34.

Analysts Set New Price Targets

XTR has been the topic of several analyst reports. Canaccord Genuity Group upgraded Xtract One Tech to a “moderate buy” rating in a report on Monday, July 6th. LADENBURG THALM/SH SH upgraded shares of Xtract One Tech to a “strong-buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Xtract One Tech Stock Up 0.4%

The business’s 50 day moving average is C$12.32 and its 200-day moving average is C$12.28.

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.