NanoXplore (TSE:GRA) Downgraded by Raymond James to Market Perform

Raymond James lowered shares of NanoXplore (TSE:GRA) from an outperform rating to a market perform rating in a research note published on Thursday,BayStreet.CA reports. They currently have C$3.00 price target on the stock, down from their previous price target of C$4.00.

NanoXplore Stock Up 0.8 %

GRA opened at C$2.40 on Thursday. NanoXplore has a fifty-two week low of C$1.95 and a fifty-two week 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 fifty day moving average of C$2.40 and a two-hundred day moving average of C$2.37. 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.