Nexteq’s (NXQ) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Nexteq (LON:NXQFree Report) in a research note released on Tuesday, MarketBeat reports. They currently have a GBX 300 ($3.73) price target on the stock.

Nexteq Stock Performance

Shares of LON NXQ opened at GBX 150 ($1.87) on Tuesday. The firm has a market cap of £99.81 million, a PE ratio of 1,153.85 and a beta of 1.19. The firm has a fifty day moving average of GBX 150.30 and a 200 day moving average of GBX 123.58. Nexteq has a one year low of GBX 92 ($1.15) and a one year high of GBX 178 ($2.22).

Nexteq Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 3.30 ($0.04) per share. This is a positive change from Nexteq’s previous dividend of $3.00. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 2.09%. Nexteq’s dividend payout ratio is presently 2,307.69%.

Insider Activity

In other news, insider Johan Olivier sold 11,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 151 ($1.88), for a total transaction of £16,610 ($20,677.21). Corporate insiders own 43.41% of the company’s stock.

About Nexteq

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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.

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