Nexteq (LON:NXQ) Stock Price Up 0.9% – Here’s Why

Nexteq plc (LON:NXQ) rose 0.9% during mid-day trading on Wednesday . The company traded as high as GBX 71.10 and last traded at GBX 71.10. Approximately 3,020 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 197,131 shares. The stock had previously closed at GBX 70.50.

Nexteq Trading Up 0.9%

The firm has a market capitalization of £38.52 million, a price-to-earnings ratio of 22.64 and a beta of 0.64. The stock has a fifty day moving average of GBX 73.45 and a 200-day moving average of GBX 78.27.

Insider Activity

In related news, insider Deborah Wilkinson bought 12,228 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were acquired at an average cost of GBX 74 per share, for a total transaction of £9,048.72. 39.55% of the stock is owned by insiders.

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.