Nexteq (LON:NXQ) PT Lowered to GBX 200 at Canaccord Genuity Group

Nexteq (LON:NXQ) had its price target cut by Canaccord Genuity Group from GBX 300 ($3.88) to GBX 200 ($2.59) in a research report released on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Nexteq Trading Up 3.9 %

Shares of NXQ opened at GBX 80 ($1.03) on Wednesday. The company has a market cap of £53.19 million, a price-to-earnings ratio of 615.38 and a beta of 1.22. The business’s fifty day simple moving average is GBX 130.02 and its two-hundred day simple moving average is GBX 138.37. Nexteq has a 12 month low of GBX 74.95 ($0.97) and a 12 month high of GBX 160 ($2.07).

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.