Nexteq (LON:NXQ) Hits New 12-Month Low – Should You Sell?

Shares of Nexteq plc (LON:NXQ) hit a new 52-week low on Wednesday . The stock traded as low as GBX 70 ($0.90) and last traded at GBX 72.97 ($0.94), with a volume of 86912 shares. The stock had previously closed at GBX 70.60 ($0.91).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.57) price target on shares of Nexteq in a report on Tuesday, September 10th.

Nexteq Stock Performance

The company’s fifty day simple moving average is GBX 89.02 and its two-hundred day simple moving average is GBX 110.55. The company has a market capitalization of £46.28 million, a price-to-earnings ratio of 588.33 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.