Raymond James Downgrades NanoXplore (TSE:GRA) to Market Perform

NanoXplore (TSE:GRA) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$3.00 price target on the stock, down from their previous price target of C$4.00. Raymond James’ target price would suggest a potential upside of 27.66% from the company’s previous close.

NanoXplore Stock Down 1.3 %

GRA stock traded down C$0.03 during midday trading on Thursday, hitting C$2.35. The stock had a trading volume of 298,480 shares, compared to its average volume of 95,201. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The firm has a market cap of C$402.63 million, a price-to-earnings ratio of -36.19 and a beta of 1.26. The business has a 50-day moving average of C$2.40 and a two-hundred day moving average of C$2.37. NanoXplore has a 52-week low of C$1.95 and a 52-week high of C$2.96.

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.