Nexteq (LON:NXQ) Hits New 12-Month Low – What’s Next?

Nexteq plc (LON:NXQ) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 70 ($0.89) and last traded at GBX 72 ($0.91), with a volume of 74926 shares trading hands. The stock had previously closed at GBX 72.50 ($0.92).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 200 ($2.54) target price on shares of Nexteq in a research note on Tuesday, September 10th.

Nexteq Trading Down 0.7 %

The stock has a market cap of £45.66 million, a price-to-earnings ratio of 604.17 and a beta of 1.36. The stock’s 50-day moving average price is GBX 86.96 and its 200-day moving average price is GBX 108.36.

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.