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Quixant – already “customers experiencing fierce competition”, now virus impact...
Previously writing on technology products principally for the gaming and broadcast industries company Quixant (QXT), with the shares towards 160p I concluded hopefully my prior warning was heeded – and, with that, I question whether the “softness in demand” is really worse than should have been reasonably anticipated? As such, I also remain wary of the company’s confidence for the future – and particularly so with the market cap still more than £100 million (currently circa $130 million). I continue to avoid. Now a “2019 Trading and COVID-19 update” – and the shares currently around 60p, a further more than 20% lower on the latest news…
- By Steve Moore
- 2020-03-31 11:54:42