Quixant (LON:QXT) Stock Crosses Below 50-Day Moving Average of $226.76
Shares of Quixant PLC (LON:QXT) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $226.76 and traded as low as $219.00. Quixant shares last traded at $224.00, with a volume of 12,174 shares trading hands.
Several analysts have weighed in on the company. FinnCap reiterated a “corporate” rating on shares of Quixant in a research report on Tuesday, September 17th. Berenberg Bank downgraded Quixant to a “hold” rating and lowered their price objective for the company from GBX 425 ($5.59) to GBX 175 ($2.30) in a research report on Friday, September 20th. Finally, Canaccord Genuity lowered their price objective on Quixant from GBX 400 ($5.26) to GBX 250 ($3.29) and set a “buy” rating for the company in a research report on Friday, September 27th.
The company has a quick ratio of 1.64, a current ratio of 2.57 and a debt-to-equity ratio of 3.62. The company has a 50-day simple moving average of GBX 226.76 and a two-hundred day simple moving average of GBX 235.53. The stock has a market cap of $148.82 million and a P/E ratio of 13.02.
About Quixant (LON:QXT)
Quixant Plc engages in the design, development, and manufacture of PC based gaming platforms and display solutions for the gaming and slot machine industry worldwide. The company also designs, develops, and delivers electronic displays into the industrial marketplace; and offers gaming monitors, such as floating and standard gaming monitors, and button decks.
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