NanoXplore (TSE:GRA) Hits New 52-Week Low – Time to Sell?

NanoXplore Inc. (TSE:GRA) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$1.12 and last traded at C$1.16, with a volume of 32,944 shares changing hands. The stock had previously closed at C$1.18.

Analyst Ratings Changes

Several research analysts have recently weighed in on GRA shares. National Bank Financial lowered their price target on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Royal Bank Of Canada reduced their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$2.65.

NanoXplore Stock Down 2.5%

The company has a current ratio of 2.58, a quick ratio of 2.01 and a debt-to-equity ratio of 42.69. The company has a market capitalization of C$208.71 million, a price-to-earnings ratio of -16.43 and a beta of -0.17. The firm’s 50 day simple moving average is C$1.47 and its 200-day simple moving average is C$1.70.

NanoXplore Company Profile

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.