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

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

Nexteq Stock Down 19.1%

The stock has a market cap of £28.71 million, a PE ratio of 16.88 and a beta of 0.41. The firm has a fifty day moving average of GBX 69.74 and a 200 day moving average of GBX 75.11.

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.