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

Shares of Nexteq plc (LON:NXQ) hit a new 52-week low during trading 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. The stock had previously closed at GBX 65.91 ($0.83).

Analyst Ratings Changes

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

Nexteq Stock Performance

The firm’s 50-day moving average is GBX 76.05 and its two-hundred day moving average is GBX 96.38. The stock has a market cap of £41.20 million, a P/E ratio of 541.33 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.