Nexteq (LON:NXQ) Sets New 52-Week Low – Time to Sell?

Nexteq plc (LON:NXQ) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 70 ($0.88) and last traded at GBX 72 ($0.91), with a volume of 74926 shares changing hands. The stock had previously closed at GBX 72.50 ($0.91).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Nexteq in a report on Tuesday, September 10th.

Nexteq Stock Down 3.5 %

The business has a 50 day simple moving average of GBX 85.41 and a 200-day simple moving average of GBX 106.99. The company has a market capitalization of £44.08 million, a P/E ratio of 579.17 and a beta of 1.36.

Nexteq Company Profile

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.