NanoXplore Inc. (TSE:GRA – Get Free Report) was down 2.2% on Thursday . The stock traded as low as C$2.65 and last traded at C$2.70. Approximately 32,393 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 65,404 shares. The stock had previously closed at C$2.76.
Wall Street Analysts Forecast Growth
Separately, Echelon Wealth Partners reiterated a “speculative buy” rating on shares of NanoXplore in a report on Thursday, February 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$3.75.
Get Our Latest Stock Report on NanoXplore
NanoXplore Price Performance
NanoXplore (TSE:GRA – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$33.87 million for the quarter, compared to analysts’ expectations of C$33.65 million. NanoXplore had a negative return on equity of 9.90% and a negative net margin of 8.98%. Equities analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current year.
NanoXplore Company Profile
NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.
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