Nexteq (LON:NXQ) Trading Down 19.1% – Here’s What Happened

Nexteq plc (LON:NXQ)’s stock price fell 19.1% during trading on Thursday . The company traded as low as GBX 50 and last traded at GBX 53. 238,871 shares were traded during trading, an increase of 49% from the average session volume of 160,739 shares. The stock had previously closed at GBX 65.50.

Nexteq Price Performance

The business has a 50 day simple moving average of GBX 69.74 and a 200 day simple moving average of GBX 75.11. The company has a market capitalization of £28.71 million, a price-to-earnings ratio of 16.88 and a beta of 0.41.

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business’ success.

Our solutions are delivered through a global sales team and leverage the Group’s electronic hardware, software, display and mechanical engineering expertise.