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

National Bank Financial downgraded shares of NanoXplore (TSE:GRA) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also issued reports on GRA. National Bankshares decreased their target price on NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Raymond James downgraded NanoXplore from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$4.00 to C$3.00 in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$3.00.

NanoXplore Trading Up 0.4%

TSE:GRA opened at C$2.40 on Thursday. The firm has a market cap of C$411.20 million, a PE ratio of -36.96 and a beta of 1.26. The stock has a fifty day moving average price of C$2.41 and a 200 day moving average price of C$2.39. NanoXplore has a 12-month low of C$2.03 and a 12-month high of C$2.89. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81.

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.