Nexteq (LON:NXQ) Trading Down 1.2% – Here’s Why

Nexteq plc (LON:NXQ) traded down 1.2% on Wednesday . The company traded as low as GBX 71 and last traded at GBX 71.15. 857,798 shares traded hands during trading, an increase of 266% from the average session volume of 234,506 shares. The stock had previously closed at GBX 72.

Nexteq Stock Performance

The stock has a market capitalization of £41.07 million, a price-to-earnings ratio of -16.51 and a beta of 0.64. The business has a 50-day moving average of GBX 74.31 and a 200-day moving average of GBX 79.68.

Insiders Place Their Bets

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

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.