Nexteq (LON:NXQ) Shares Down 2.9% – Here’s What Happened

Nexteq plc (LON:NXQ)’s stock price was down 2.9% on Friday . The company traded as low as GBX 45.15 and last traded at GBX 45.15. 15,232 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 134,113 shares. The stock had previously closed at GBX 46.50.

Nexteq Trading Down 2.9%

The firm has a market cap of £24.46 million, a P/E ratio of 14.38 and a beta of 0.34. The firm’s 50 day moving average is GBX 50.69 and its two-hundred day moving average is GBX 62.11.

Insider Buying and Selling at Nexteq

In other news, insider Carol Thompson acquired 10,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average price of GBX 50 per share, for a total transaction of £5,000. Also, insider Deborah Wilkinson acquired 11,078 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was purchased at an average price of GBX 49 per share, with a total value of £5,428.22. Company insiders own 32.70% 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.