Nexteq (LON:NXQ) Shares Up 0.4% - Time to Buy?

Nexteq plc (LON:NXQ - Get Free Report) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as GBX 67.40 ($0.90) and last traded at GBX 67.30 ($0.90). 26,236 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 77,454 shares. The stock had previously closed at GBX 67 ($0.90).

Nexteq Stock Performance

The stock's fifty day moving average price is GBX 61.91 and its 200-day moving average price is GBX 66.45. The firm has a market cap of £47.90 million, a PE ratio of 5.03 and a beta of 1.36.

Nexteq Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be issued a GBX 3.70 ($0.05) dividend. This represents a dividend yield of 5.69%. The ex-dividend date of this dividend is Thursday, May 1st. This is an increase from Nexteq's previous dividend of $3.30. Nexteq's dividend payout ratio (DPR) is currently 23.77%.

Insider Activity

In other Nexteq news, insider Carol Thompson bought 4,218 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of GBX 64 ($0.86) per share, for a total transaction of £2,699.52 ($3,623.52). Insiders own 46.09% of the company's stock.

Nexteq Company Profile

Nexteq AIM: NXQ (formerly Quixant plc) is a leading technology partner to major global industrial equipment manufacturers. The Group's specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most. Nexteq consists of two distinct divisions, Quixant and Densitron, each with dedicated sales, account management and product innovation teams.