Nexteq (LON:NXQ) Sets New 1-Year Low – Time to Sell?

Shares of Nexteq plc (LON:NXQ) reached a new 52-week low on Wednesday . The company traded as low as GBX 70 ($0.90) and last traded at GBX 72.97 ($0.94), with a volume of 86912 shares trading hands. The stock had previously closed at GBX 70.60 ($0.91).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.57) price objective on shares of Nexteq in a research note on Tuesday, September 10th.

Nexteq Price Performance

The stock has a fifty day simple moving average of GBX 87.98 and a 200 day simple moving average of GBX 109.75. The firm has a market capitalization of £46.30 million, a P/E ratio of 608.33 and a beta of 1.36.

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.