Nexteq (LON:NXQ) Trading Down 1.2% – Here’s Why

Shares of Nexteq plc (LON:NXQ) traded down 1.2% during mid-day trading on Wednesday . The stock traded as low as GBX 71 and last traded at GBX 71.15. 857,798 shares traded hands during mid-day trading, an increase of 266% from the average session volume of 234,506 shares. The stock had previously closed at GBX 72.

Nexteq Trading Down 1.2%

The company has a fifty day moving average of GBX 74.31 and a 200-day moving average of GBX 79.68. The stock has a market cap of £41.07 million, a PE ratio of -16.51 and a beta of 0.64.

Insiders Place Their Bets

In other Nexteq news, insider Deborah Wilkinson purchased 12,228 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were bought at an average cost of GBX 74 per share, for a total transaction of £9,048.72. 39.55% of the stock is currently 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.