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

Nexteq plc (LON:NXQ) fell 1.2% on Wednesday . The company traded as low as GBX 71 and last traded at GBX 71.15. 857,798 shares were traded 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 Up 0.9%

The stock’s 50-day simple moving average is GBX 74.37 and its 200 day simple moving average is GBX 79.63. The company has a market cap of £41.93 million, a price-to-earnings ratio of -16.85 and a beta of 0.64.

Insider Activity

In related news, insider Deborah Wilkinson acquired 12,228 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were purchased at an average cost of GBX 74 per share, for a total transaction of £9,048.72. Company insiders own 39.55% of the company’s stock.

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.