Nexteq (LON:NXQ) Shares Up 2.5% – What’s Next?

Nexteq plc (LON:NXQ) was up 2.5% during mid-day trading on Tuesday. The stock traded as high as GBX 42.50 and last traded at GBX 41. 82,900 shares changed hands during trading, a decline of 31% from the average daily volume of 120,550 shares. The stock had previously closed at GBX 40.

Nexteq Trading Down 2.4%

The company’s 50-day simple moving average is GBX 45.52 and its 200-day simple moving average is GBX 54.89. The stock has a market capitalization of £22.21 million, a price-to-earnings ratio of -6.18 and a beta of 0.33.

Insiders Place Their Bets

In related news, insider Deborah Wilkinson acquired 11,078 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of GBX 49 per share, for a total transaction of £5,428.22. Also, insider Carol Thompson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was bought at an average price of GBX 50 per share, with a total value of £5,000. 32.70% of the stock is owned by corporate insiders.

Nexteq Company Profile

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business’ success.

Our solutions are delivered through a global sales team and leverage the Group’s electronic hardware, software, display and mechanical engineering expertise.