Nexteq (LON:NXQ) Shares Down 1.9% – Here’s Why

Shares of Nexteq plc (LON:NXQ) were down 1.9% during trading on Tuesday . The stock traded as low as GBX 63 ($0.78) and last traded at GBX 63 ($0.78). Approximately 73,886 shares were traded during trading, a decline of 51% from the average daily volume of 151,763 shares. The stock had previously closed at GBX 64.20 ($0.79).

Nexteq Stock Performance

The firm’s 50 day moving average price is GBX 68.64 and its two-hundred day moving average price is GBX 88.87. The company has a market cap of £40.27 million, a P/E ratio of 529.17 and a beta of 1.36.

Nexteq Company Profile

Nexteq (AIM: NXQ) (formerly Quixant plc) is a leading technology partner to major global industrial equipment manufacturers. The Group’s specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most.

Nexteq consists of two distinct divisions, Quixant and Densitron, each with dedicated sales, account management and product innovation teams.