Xtract One Tech (TSE:XTR) Hits New 1-Year Low – Here’s Why

Xtract One Tech (TSE:XTR)’s share price reached a new 52-week low 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. The stock had previously closed at C$12.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XTR. Canaccord Genuity Group upgraded 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 report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Xtract One Tech currently has an average rating of “Strong Buy”.

Xtract One Tech Stock Performance

The firm has a 50 day moving average price of C$12.30 and a two-hundred day moving average price of C$12.19.

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.