Xtract One Technologies (TSE:XTRA) Shares Down 3.7% – What’s Next?

Xtract One Technologies Inc. (TSE:XTRA)’s stock price fell 3.7% during mid-day trading on Tuesday . The company traded as low as C$0.51 and last traded at C$0.52. 114,129 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 172,018 shares. The stock had previously closed at C$0.54.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$1.20 price target on Xtract One Technologies and gave the company a “speculative buy” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$1.20.

Xtract One Technologies Trading Down 3.7%

The firm has a market capitalization of C$135.16 million, a price-to-earnings ratio of -17.33 and a beta of 1.88. The company’s 50 day moving average is C$0.58 and its 200-day moving average is C$0.52.

Xtract One Technologies (TSE:XTRA) last announced its quarterly earnings results on Wednesday, June 10th. The company reported C($0.00) earnings per share for the quarter. The business had revenue of C$10.26 million for the quarter.

About Xtract One Technologies

Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative multi-sensor Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.