NEXTDC Limited (OTCMKTS:NXDCF – Get Free Report)’s share price was down 8.1% during trading on Friday. The company traded as low as $6.4850 and last traded at $6.6325. Approximately 310 shares were traded during mid-day trading, a decline of 95% from the average session volume of 6,792 shares. The stock had previously closed at $7.22.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on NXDCF. New Street Research set a $11.00 price objective on NEXTDC in a research report on Monday, October 12th. The Goldman Sachs Group initiated coverage on NEXTDC in a report on Monday, October 12th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.
View Our Latest Stock Report on NXDCF
NEXTDC Stock Performance
The business has a 50 day moving average of $8.84 and a 200 day moving average of $9.61.
About NEXTDC
NEXTDC Limited is an Australian data center operator that provides secure, high-availability infrastructure for businesses, government agencies, cloud providers and telecommunications companies. The company develops and operates data centers designed to support mission-critical information technology systems and digital services.
NEXTDC’s services include wholesale and retail colocation, data center space and power, interconnection and connectivity services, and access to major cloud and network providers.
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