Nexteq (LON:NXQ) Trading Up 0.4% – Here’s What Happened

Nexteq plc (LON:NXQ) traded up 0.4% during trading on Friday . The stock traded as high as GBX 67.40 ($0.90) and last traded at GBX 67.30 ($0.89). 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 ($0.89).

Nexteq Trading Up 0.4%

The company has a market capitalization of £50.77 million, a P/E ratio of 5.33 and a beta of 1.36. The stock’s fifty day moving average is GBX 62.22 and its 200 day moving average is GBX 66.81.

Nexteq Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a GBX 3.70 ($0.05) dividend. This is a boost from Nexteq’s previous dividend of $3.30. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 5.69%. Nexteq’s payout ratio is presently 23.77%.

Insider Activity

In other Nexteq news, insider Carol Thompson bought 4,218 shares of Nexteq stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of GBX 64 ($0.85) per share, with a total value of £2,699.52 ($3,585.97). Insiders own 46.09% of the company’s stock.

About Nexteq

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.