Nexteq (LON:NXQ) Trading 0.4% Higher – Should You Buy?

Nexteq plc (LON:NXQ) shares were up 0.4% during trading on Friday . The company traded as high as GBX 67.40 ($0.90) and last traded at GBX 67.30 ($0.89). Approximately 26,236 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 77,454 shares. The stock had previously closed at GBX 67 ($0.89).

Nexteq Price Performance

The stock has a market cap of £50.77 million, a PE ratio of 5.33 and a beta of 1.36. The business has a fifty day moving average of GBX 62.22 and a 200 day moving average of GBX 66.65.

Nexteq Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 3.70 ($0.05) per share. This represents a dividend yield of 5.69%. This is a boost from Nexteq’s previous dividend of $3.30. The ex-dividend date is Thursday, May 1st. Nexteq’s dividend payout ratio is presently 23.77%.

Insider Activity at Nexteq

In related news, insider Carol Thompson acquired 4,218 shares of Nexteq stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of GBX 64 ($0.85) per share, with a total value of £2,699.52 ($3,585.97). 46.09% of the stock is owned by insiders.

Nexteq Company Profile

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.