Nexteq (LON:NXQ) Reaches New 52-Week Low – What’s Next?

Nexteq plc (LON:NXQ)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 65.20 ($0.82) and last traded at GBX 66 ($0.83), with a volume of 86495 shares trading hands. The stock had previously closed at GBX 65.91 ($0.83).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.53) price target on shares of Nexteq in a research note on Tuesday, September 10th.

Nexteq Price Performance

The firm has a market capitalization of £41.86 million, a PE ratio of 545.83 and a beta of 1.36. The business’s 50-day moving average price is GBX 77.56 and its 200-day moving average price is GBX 98.04.

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.