NanoXplore (TSE:GRA) Shares Down 0.8% - Should You Sell?

NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price was down 0.8% during mid-day trading on Monday . The stock traded as low as C$2.44 and last traded at C$2.48. Approximately 150,365 shares traded hands during trading, an increase of 47% from the average daily volume of 102,213 shares. The stock had previously closed at C$2.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GRA. National Bankshares decreased their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada decreased their target price on NanoXplore from C$3.25 to C$3.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Raymond James lowered NanoXplore from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$4.00 to C$3.00 in a research report on Thursday, February 13th.

NanoXplore Stock Up 1.7 %

The stock has a market capitalization of C$418.05 million, a P/E ratio of -37.58 and a beta of 1.26. The firm's 50-day simple moving average is C$2.45 and its 200 day simple moving average is C$2.38. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22.

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.