NanoXplore Inc. (TSE:GRA - Get Free Report)'s stock price was up 1.5% during mid-day trading on Monday . The stock traded as high as C$2.77 and last traded at C$2.69. Approximately 43,486 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 60,999 shares. The stock had previously closed at C$2.65.
Wall Street Analyst Weigh In
Separately, Ventum Cap Mkts raised NanoXplore to a "strong-buy" rating in a research note on Thursday, September 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$3.75.
Read Our Latest Stock Analysis on NanoXplore
NanoXplore Price Performance
The firm's 50 day simple moving average is C$2.35 and its two-hundred day simple moving average is C$2.44. The firm has a market capitalization of C$438.47 million, a P/E ratio of -36.71 and a beta of 1.26. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.08 and a quick ratio of 2.01.
NanoXplore (TSE:GRA - Get Free Report) last announced its quarterly earnings data on Wednesday, September 18th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). NanoXplore had a negative return on equity of 10.42% and a negative net margin of 8.97%. The firm had revenue of C$38.13 million during the quarter, compared to the consensus estimate of C$37.37 million. As a group, analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current year.
About NanoXplore
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NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.
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