Xtract One Tech (TSE:XTR) Hits New 1-Year Low – Should You Sell?

Xtract One Tech (TSE:XTR) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.43 and last traded at C$12.38, with a volume of 3,984 shares changing hands. The stock had previously closed at C$12.38.

Wall Street Analysts Forecast Growth

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

Xtract One Tech Stock Performance

The stock’s 50 day simple moving average is C$12.30 and its two-hundred day simple moving average is C$12.18.

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.