NanoXplore (TSE:GRA) Reaches New 12-Month Low – Should You Sell?

NanoXplore Inc. (TSE:GRA)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as C$1.30 and last traded at C$1.36, with a volume of 142014 shares traded. The stock had previously closed at C$1.43.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GRA shares. National Bank Financial lowered their target price on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Royal Bank Of Canada dropped their price objective on 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.65.

NanoXplore Trading Down 1.5%

The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58. The company has a market capitalization of C$243.19 million, a price-to-earnings ratio of -19.14 and a beta of -0.17. The firm has a fifty day moving average price of C$1.56 and a 200-day moving average price of C$1.76.

About NanoXplore

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.