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

Nexteq plc (LON:NXQ) traded down 19.1% during trading on Thursday . The company traded as low as GBX 50 and last traded at GBX 53. 238,871 shares changed hands 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 Trading Up 0.1%

The company has a market cap of £27.93 million, a P/E ratio of 16.42 and a beta of 0.41. The business’s 50 day simple moving average is GBX 68.79 and its 200 day simple moving average is GBX 74.69.

Nexteq Company Profile

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.