NanoXplore (TSE:GRA) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GRA shares. National Bank Financial reduced their target price on shares of 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 cut their price target on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$2.65.

NanoXplore Trading Down 4.9%

The company has a debt-to-equity ratio of 42.69, a current ratio of 2.58 and a quick ratio of 2.01. The company has a market cap of C$246.82 million, a PE ratio of -19.43 and a beta of -0.17. The company’s 50 day simple moving average is C$1.56 and its two-hundred day simple moving average is C$1.77.

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.