Nexteq (LON:NXQ) Trading Up 4.2% – Here’s What Happened

Nexteq plc (LON:NXQ)’s share price was up 4.2% during trading on Monday . The company traded as high as GBX 49 and last traded at GBX 46.90. Approximately 72,477 shares were traded during trading, a decline of 42% from the average session volume of 125,603 shares. The stock had previously closed at GBX 45.

Nexteq Stock Performance

The firm’s 50 day simple moving average is GBX 48.30 and its 200 day simple moving average is GBX 58.60. The firm has a market capitalization of £24.38 million, a price-to-earnings ratio of 14.33 and a beta of 0.33.

Insider Buying and Selling at Nexteq

In related news, insider Deborah Wilkinson acquired 11,078 shares of Nexteq stock in a transaction on Monday, July 27th. The stock was acquired at an average price of GBX 49 per share, for a total transaction of £5,428.22. Also, insider Carol Thompson acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was bought at an average cost of GBX 50 per share, with a total value of £5,000. 32.70% of the stock is currently owned by corporate 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.