Nexteq (LON:NXQ) Trading Down 19.1% – What’s Next?

Shares of Nexteq plc (LON:NXQ) dropped 19.1% on Thursday . The company traded as low as GBX 71.80 ($0.93) and last traded at GBX 72.04 ($0.93). Approximately 196,874 shares changed hands during trading, an increase of 34% from the average daily volume of 147,105 shares. The stock had previously closed at GBX 89 ($1.15).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.59) price objective on shares of Nexteq in a research report on Tuesday, September 10th.

Nexteq Stock Down 1.4 %

The stock has a market capitalization of £46.30 million, a price-to-earnings ratio of 608.33 and a beta of 1.36. The firm has a 50-day moving average of GBX 92.60 and a two-hundred day moving average of GBX 114.97.

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.