Nexteq (LON:NXQ) Hits New 12-Month Low – Here’s Why

Shares of Nexteq plc (LON:NXQ) reached a new 52-week low on Wednesday . The company traded as low as GBX 70 ($0.90) and last traded at GBX 72.97 ($0.94), with a volume of 86912 shares trading hands. The stock had previously closed at GBX 70.60 ($0.91).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.57) target price on shares of Nexteq in a report on Tuesday, September 10th.

Nexteq Stock Performance

The stock has a 50 day moving average of GBX 87.98 and a 200-day moving average of GBX 109.75. The stock has a market capitalization of £46.30 million, a P/E ratio of 608.33 and a beta of 1.36.

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.