Shares of Nexteq plc (LON:NXQ – Get Free Report) dropped 32.9% during mid-day trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 300 to GBX 200. Canaccord Genuity Group currently has a buy rating on the stock. Nexteq traded as low as GBX 80.20 ($1.04) and last traded at GBX 82.25 ($1.06). Approximately 321,523 shares traded hands during mid-day trading, an increase of 291% from the average daily volume of 82,314 shares. The stock had previously closed at GBX 122.50 ($1.58).
Nexteq Stock Performance
The business’s fifty day moving average price is GBX 134.07 and its two-hundred day moving average price is GBX 139.29. The stock has a market capitalization of £53.19 million, a P/E ratio of 615.38 and a beta of 1.22.
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.
See Also
- Five stocks we like better than Nexteq
- Stock Analyst Ratings and Canadian Analyst Ratings
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- How to Invest in Blue Chip Stocks
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- 3 Monster Growth Stocks to Buy Now
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for Nexteq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexteq and related companies with MarketBeat.com's FREE daily email newsletter.
