NanoXplore (TSE:GRA) Rating Lowered to Hold at National Bank Financial

NanoXplore (TSE:GRA) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

GRA has been the topic of several other research reports. Royal Bank of Canada reduced their price target on shares of NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. National Bankshares reduced their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Raymond James cut shares of NanoXplore from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$4.00 to C$3.00 in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NanoXplore has a consensus rating of “Moderate Buy” and an average price target of C$3.00.

NanoXplore Stock Performance

Shares of GRA stock opened at C$2.40 on Thursday. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22. NanoXplore has a one year low of C$2.03 and a one year high of C$2.89. The company’s 50-day simple moving average is C$2.41 and its 200-day simple moving average is C$2.39. The stock has a market capitalization of C$411.20 million, a price-to-earnings ratio of -36.96 and a beta of 1.26.

NanoXplore Company Profile

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.