NanoXplore (TSE:GRA - Free Report) had its target price lowered by Royal Bank of Canada from C$3.25 to C$3.00 in a report released on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other research analysts also recently weighed in on GRA. National Bankshares dropped their target price on NanoXplore from C$3.50 to C$3.00 and set an "outperform" rating on the stock in a research note on Thursday. Raymond James downgraded shares of NanoXplore from an "outperform" rating to a "market perform" rating and cut their price objective for the company from C$4.00 to C$3.00 in a report on Thursday.
Read Our Latest Report on NanoXplore
NanoXplore Stock Down 2.9 %
Shares of TSE:GRA traded down C$0.07 during trading on Thursday, reaching C$2.33. The stock had a trading volume of 211,371 shares, compared to its average volume of 99,216. NanoXplore has a one year low of C$2.00 and a one year high of C$2.96. The company has a market capitalization of C$399.21 million, a P/E ratio of -35.89 and a beta of 1.26. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. The firm's 50-day simple moving average is C$2.40 and its 200 day simple moving average is C$2.37.
About NanoXplore
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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.
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