NanoXplore (TSE:GRA) Cut to “Market Perform” at Raymond James

Raymond James cut shares of NanoXplore (TSE:GRA) from an outperform rating to a market perform rating in a report published on Thursday morning, Marketbeat reports. They currently have C$3.00 price objective on the stock, down from their previous price objective of C$4.00.

NanoXplore Stock Down 2.9 %

NanoXplore stock opened at C$2.33 on Thursday. 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 business’s 50-day simple moving average is C$2.40 and its two-hundred day simple moving average is C$2.37. The company has a market cap of C$399.21 million, a PE ratio of -35.89 and a beta of 1.26. NanoXplore has a fifty-two week low of C$2.00 and a fifty-two week high of C$2.96.

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.