Nexteq (LON:NXQ) Reaches New 1-Year Low – Should You Sell?

Nexteq plc (LON:NXQ) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 66 ($0.84) and last traded at GBX 70.75 ($0.90), with a volume of 137164 shares changing hands. The stock had previously closed at GBX 69.80 ($0.88).

Wall Street Analyst Weigh In

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

Nexteq Stock Performance

The business’s 50-day simple moving average is GBX 83.92 and its 200-day simple moving average is GBX 105.03. The company has a market capitalization of £45.35 million, a price-to-earnings ratio of 603.25 and a beta of 1.36.

Nexteq Company Profile

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.