Nexteq (LON:NXQ) Reaches New 52-Week Low – Here’s Why

Shares of Nexteq plc (LON:NXQ) reached a new 52-week low during trading on Monday . The company traded as low as GBX 69 ($0.88) and last traded at GBX 69 ($0.88), with a volume of 104486 shares. The stock had previously closed at GBX 70.37 ($0.90).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.55) price objective on shares of Nexteq in a report on Tuesday, September 10th.

Nexteq Trading Down 1.9 %

The business’s 50-day moving average is GBX 80.04 and its two-hundred day moving average is GBX 100.78. The stock has a market capitalization of £43.76 million, a PE ratio of 595.83 and a beta of 1.36.

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.