NanoXplore (TSE:GRA) Stock Rating Lowered by Raymond James

NanoXplore (TSE:GRA) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$3.00 price objective on the stock, down from their prior price objective of C$4.00. Raymond James’ target price indicates a potential upside of 28.76% from the stock’s current price.

NanoXplore Stock Down 2.9 %

Shares of GRA opened at C$2.33 on Thursday. NanoXplore has a 52-week low of C$2.00 and a 52-week high of C$2.96. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. The stock has a fifty day simple moving average of C$2.40 and a two-hundred day simple moving average of C$2.37. The company has a market capitalization of C$399.21 million, a PE ratio of -35.89 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.