Nexus Infrastructure (LON:NEXS) Shares Down 0.6% – Here’s Why

Nexus Infrastructure plc (LON:NEXS)’s share price dropped 0.6% on Thursday . The company traded as low as GBX 160 ($2.07) and last traded at GBX 164 ($2.12). Approximately 10,251 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 13,775 shares. The stock had previously closed at GBX 165 ($2.14).

Nexus Infrastructure Price Performance

The company has a debt-to-equity ratio of 35.41, a current ratio of 2.52 and a quick ratio of 1.21. The company has a 50-day simple moving average of GBX 147.10 and a 200-day simple moving average of GBX 135.54. The stock has a market cap of £14.53 million, a PE ratio of -1.41 and a beta of 0.88.

Nexus Infrastructure (LON:NEXS) last posted its earnings results on Thursday, January 23rd. The company reported GBX (30.60) (($0.40)) EPS for the quarter. Nexus Infrastructure had a negative return on equity of 32.02% and a negative net margin of 16.28%. Sell-side analysts anticipate that Nexus Infrastructure plc will post 9.0100003 EPS for the current fiscal year.

Insider Activity at Nexus Infrastructure

In other Nexus Infrastructure news, insider Dawn Hillman bought 8,601 shares of Nexus Infrastructure stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of GBX 174 ($2.25) per share, for a total transaction of £14,965.74 ($19,370.62). 30.92% of the stock is owned by corporate insiders.

Nexus Infrastructure Company Profile

Nexus is a leading provider of essential infrastructure solutions to the UK housebuilding sector through its operational business, Tamdown.

Tamdown provides a range of civil engineering and infrastructure services to the UK housebuilding sectors, with operations focused on the South-East of England and London.