Nexteq’s (NXQ) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Nexteq (LON:NXQ) in a research report report published on Tuesday, MarketBeat reports. The firm currently has a GBX 300 ($3.73) target price on the stock.

Nexteq Stock Down 1.6 %

Shares of NXQ opened at GBX 150 ($1.87) on Tuesday. Nexteq has a 52-week low of GBX 92 ($1.15) and a 52-week high of GBX 178 ($2.22). The firm has a 50-day moving average price of GBX 150.30 and a 200 day moving average price of GBX 123.58. The firm has a market capitalization of £99.81 million, a PE ratio of 1,153.85 and a beta of 1.19.

Nexteq Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 3.30 ($0.04) per share. This is a positive change from Nexteq’s previous dividend of $3.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 2.09%. Nexteq’s dividend payout ratio (DPR) is 2,307.69%.

Insider Buying and Selling at Nexteq

In other Nexteq news, insider Johan Olivier sold 11,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 151 ($1.88), for a total transaction of £16,610 ($20,677.21). Insiders own 43.41% of the company’s stock.

About Nexteq

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.