Nexteq (LON:NXQ) Trading Down 1.9% – What’s Next?

Shares of Nexteq plc (LON:NXQ) traded down 1.9% on Tuesday . The company traded as low as GBX 63 ($0.79) and last traded at GBX 63 ($0.79). 73,886 shares were traded during mid-day trading, a decline of 51% from the average session volume of 151,763 shares. The stock had previously closed at GBX 64.20 ($0.80).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.50) target price on shares of Nexteq in a research note on Tuesday, September 10th.

Nexteq Stock Performance

The company has a market cap of £41.22 million, a PE ratio of 541.67 and a beta of 1.36. The firm’s 50 day moving average is GBX 69.13 and its 200-day moving average is GBX 89.35.

About Nexteq

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.