NanoXplore (TSE:GRA) Stock Price Down 1.3% - Should You Sell?

NanoXplore Inc. (TSE:GRA - Get Free Report)'s stock price dropped 1.3% during mid-day trading on Tuesday . The stock traded as low as C$2.35 and last traded at C$2.36. Approximately 37,596 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 98,704 shares. The stock had previously closed at C$2.39.

Wall Street Analyst Weigh In

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

NanoXplore Price Performance

The firm has a market capitalization of C$406.06 million, a PE ratio of -36.50 and a beta of 1.26. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22. The stock has a fifty day moving average price of C$2.43 and a 200-day moving average price of C$2.40.

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.