Nexteq Launches £5.4m Share Buyback to Return Cash and Boost EPS

Quixant ( (GB:NXQ) ) just unveiled an update.

Nexteq plc has launched a share buyback programme to repurchase up to 10% of its issued share capital, returning up to £5.4m to shareholders after securing independent shareholder approval in September. The board argues the move is a productive use of surplus cash that should enhance earnings per share, provide a tax-efficient route for certain shareholders to realise value, and create a treasury pool to meet future employee and other share scheme obligations, while stressing that capital allocation priorities and investment capacity for organic growth and acquisitions remain unchanged. The buyback, which will run until the next annual general meeting under previously granted authority, will be executed independently by Cavendish Capital Markets within specified pricing limits and may represent a significant proportion of daily trading volume, potentially sitting outside the full safe-harbour protections under UK market abuse rules; directors have stated they do not intend to sell their own shares into the programme.

The most recent analyst rating on (GB:NXQ) stock is a Buy with a £97.00 price target. To see the full list of analyst forecasts on Quixant stock, see the GB:NXQ Stock Forecast page.

Spark’s Take on GB:NXQ Stock

According to Spark, TipRanks’ AI Analyst, GB:NXQ is a Outperform.

Quixant’s overall stock score is driven by its solid financial performance and positive corporate events, which indicate strong strategic positioning and growth potential. However, the negative P/E ratio and moderate technical indicators temper the score, highlighting valuation concerns and the need for cautious optimism.

To see Spark’s full report on GB:NXQ stock, click here.

More about Quixant

Nexteq plc is a strategic technology solutions provider serving selected industrial markets, enabling manufacturers of global electronic equipment to outsource the design, development and supply of non-core elements of their products. Operating in six countries and serving more than 500 customers worldwide, the group leverages expertise in electronic hardware, software, display and mechanical engineering, with a key Taiwan hub supporting Asian supply chains. Nexteq operates two main brands: Quixant, which provides specialised computer platforms, and Densitron, a leader in human–machine interface solutions; founded in 2005, the group listed on AIM as Quixant plc and rebranded to Nexteq in 2023.

Average Trading Volume: 55,153

Technical Sentiment Signal: Sell

Current Market Cap: £49.74M

See more data about NXQ stock on TipRanks’ Stock Analysis page.