Nexteq (LON:NXQ) Reaches New 1-Year Low – Here’s What Happened

Nexteq plc (LON:NXQGet Free Report)’s stock price hit a new 52-week low on Monday . The stock traded as low as GBX 65.20 ($0.82) and last traded at GBX 66 ($0.83), with a volume of 86495 shares traded. The stock had previously closed at GBX 65.91 ($0.83).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.51) price objective on shares of Nexteq in a research report on Tuesday, September 10th.

Check Out Our Latest Stock Analysis on NXQ

Nexteq Stock Performance

The business’s 50 day moving average price is GBX 76.05 and its 200-day moving average price is GBX 96.38. The company has a market cap of £41.20 million, a price-to-earnings ratio of 541.33 and a beta of 1.36.

About Nexteq

(Get Free Report)

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.

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