Nexteq (LON:NXQ) Shares Down 2.1% – Here’s What Happened

Nexteq plc (LON:NXQ)’s share price was down 2.1% during trading on Wednesday . The company traded as low as GBX 70 ($0.87) and last traded at GBX 70 ($0.87). Approximately 51,237 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 150,721 shares. The stock had previously closed at GBX 71.50 ($0.89).

Nexteq Stock Performance

The stock has a market capitalization of £44.39 million, a P/E ratio of 583.33 and a beta of 1.36. The stock has a 50-day simple moving average of GBX 67.28 and a 200 day simple moving average of GBX 82.51.

About Nexteq

Nexteq (AIM: NXQ) (formerly Quixant plc) is a leading technology partner to major global industrial equipment manufacturers. The Group’s specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most.

Nexteq consists of two distinct divisions, Quixant and Densitron, each with dedicated sales, account management and product innovation teams.