Nexteq (LON:NXQ) Hits New 1-Year Low – Here’s Why

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

Analyst Ratings Changes

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

Nexteq Stock Down 3.5 %

The firm has a market capitalization of £44.08 million, a P/E ratio of 579.17 and a beta of 1.36. The stock has a fifty day moving average of GBX 85.41 and a 200-day moving average of GBX 106.99.

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.