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

Raymond James downgraded shares of NanoXplore (TSE:GRA) from an outperform rating to a market perform rating in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has C$3.00 price target on the stock, down from their previous price target of C$4.00.

NanoXplore Stock Up 0.8 %

Shares of TSE GRA opened at C$2.40 on Thursday. NanoXplore has a 12-month low of C$1.95 and a 12-month high of C$2.96. The stock has a market cap of C$411.20 million, a PE ratio of -36.96 and a beta of 1.26. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. The company has a 50-day moving average of C$2.40 and a 200 day moving average of C$2.37.

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.