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

Nexteq plc (LON:NXQ) reached a new 52-week low on Monday . The stock 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).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 200 ($2.56) target price on shares of Nexteq in a report on Tuesday, September 10th.

Nexteq Price Performance

The stock’s 50 day simple moving average is GBX 79.05 and its two-hundred day simple moving average is GBX 99.69. The company has a market capitalization of £42.49 million, a P/E ratio of 562.50 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.