NanoXplore (TSE:GRA) Price Target Lowered to C$3.00 at National Bankshares

NanoXplore (TSE:GRA - Get Free Report) had its target price cut by stock analysts at National Bankshares from C$3.50 to C$3.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 28.76% from the company's previous close.

Separately, Raymond James cut shares of NanoXplore from an "outperform" rating to a "market perform" rating and lowered their target price for the company from C$4.00 to C$3.00 in a research note on Thursday.

NanoXplore Stock Performance

TSE GRA traded down C$0.07 on Thursday, reaching C$2.33. 211,371 shares of the stock were exchanged, compared to its average volume of 99,216. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. NanoXplore has a one year low of C$2.00 and a one year high of C$2.96. The firm has a market capitalization of C$399.21 million, a PE ratio of -35.89 and a beta of 1.26. The company's 50-day simple moving average is C$2.40 and its two-hundred day simple moving average is C$2.37.

About NanoXplore

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.