Xtract One Technologies (TSE:XTRA) Stock Price Down 5.7% – Time to Sell?

Xtract One Technologies Inc. (TSE:XTRA) shares dropped 5.7% on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 158,935 shares were traded during mid-day trading, a decline of 2% from the average session volume of 161,879 shares. The stock had previously closed at C$0.53.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$1.20 price target on shares of Xtract One Technologies and gave the stock a “speculative buy” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$1.20.

Xtract One Technologies Price Performance

The firm has a market cap of C$140.36 million, a PE ratio of -18.00 and a beta of 1.78. The business has a 50-day simple moving average of C$0.55 and a 200 day simple moving average of C$0.52.

About Xtract One Technologies

Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved ‘Walk-right-In’ experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic.