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

NanoXplore Inc. (TSE:GRA) reached a new 52-week low during trading on Monday . The stock traded as low as C$2.05 and last traded at C$2.06, with a volume of 140551 shares traded. The stock had previously closed at C$2.10.

Analyst Upgrades and Downgrades

Separately, Ventum Financial upped their price objective on NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$3.10.

NanoXplore Trading Down 2.4%

The stock has a market capitalization of C$371.93 million, a PE ratio of -29.29 and a beta of 0.22. The stock’s 50 day moving average price is C$2.44 and its 200-day moving average price is C$2.58. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81.

NanoXplore (TSE:GRA) last issued its earnings results on Tuesday, February 10th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$27.58 million during the quarter. NanoXplore had a negative return on equity of 10.48% and a negative net margin of 8.09%. On average, sell-side analysts expect that NanoXplore Inc. will post 0.02 earnings per share for the current fiscal year.

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.