Nexteq (LON:NXQ) Stock Price Down 12.3% – Should You Sell?

Nexteq plc (LON:NXQ)’s share price fell 12.3% during mid-day trading on Thursday . The stock traded as low as GBX 70.40 and last traded at GBX 72.80. 103,781 shares were traded during mid-day trading, an increase of 24% from the average session volume of 83,640 shares. The stock had previously closed at GBX 83.

Nexteq Stock Down 9.6%

The stock’s 50-day moving average is GBX 87.16 and its 200-day moving average is GBX 77.78. The firm has a market cap of £44.95 million, a P/E ratio of -17.40 and a beta of 1.36.

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.