Raymond James Downgrades NanoXplore (TSE:GRA) to Market Perform

Raymond James cut shares of NanoXplore (TSE:GRA - Free Report) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Raymond James currently has C$3.00 price objective on the stock, down from their previous price objective of C$4.00.

NanoXplore Stock Performance

Shares of NanoXplore stock traded down C$0.07 during trading on Thursday, hitting C$2.33. 211,371 shares of the company's stock traded hands, compared to its average volume of 99,216. NanoXplore has a 1 year low of C$2.00 and a 1 year high of C$2.96. The business has a 50-day simple moving average of C$2.40 and a 200-day simple moving average of C$2.37. The stock 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 debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01.

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.