National Bankshares Has Lowered Expectations for NanoXplore (TSE:GRA) Stock Price

NanoXplore (TSE:GRA) had its price target decreased by National Bankshares from C$3.50 to C$3.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Raymond James downgraded shares of NanoXplore from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$4.00 to C$3.00 in a research report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$3.00.

NanoXplore Trading Up 0.8 %

Shares of NanoXplore stock opened at C$2.40 on Thursday. NanoXplore has a 1 year low of C$1.95 and a 1 year high of C$2.96. 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 company has a market capitalization of C$411.20 million, a P/E ratio of -36.96 and a beta of 1.26. The company’s fifty day moving average is C$2.40 and its two-hundred day moving average is C$2.37.

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.