Quixant – trading update, positive signs of recovery showing?...
By Steve Moore | Wednesday 22 July 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on self-styled “a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries” Quixant (QXT), I questioned “positive signs of recovery”, concluding including having previously noted 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. Now a trading update...
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