NEXTDC (OTCMKTS:NXDCF) Shares Down 8.1% – Should You Sell?

NEXTDC Limited (OTCMKTS:NXDCF) shares were down 8.1% during mid-day trading on Friday. The company traded as low as $6.4850 and last traded at $6.6325. Approximately 310 shares changed hands during trading, a decline of 95% from the average session volume of 6,792 shares. The stock had previously closed at $7.22.

Analysts Set New Price Targets

NXDCF has been the topic of several research reports. The Goldman Sachs Group started coverage on shares of NEXTDC in a research report on Monday. They set a “neutral” rating on the stock. New Street Research set a $11.00 price objective on NEXTDC in a research report on Monday. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

NEXTDC Stock Down 8.1%

The firm has a fifty day moving average of $8.84 and a two-hundred day moving average of $9.61.

NEXTDC Company Profile

NEXTDC Limited is an Australian data center operator that provides secure, high-availability infrastructure for businesses, government agencies, cloud providers and telecommunications companies. The company develops and operates data centers designed to support mission-critical information technology systems and digital services.

NEXTDC’s services include wholesale and retail colocation, data center space and power, interconnection and connectivity services, and access to major cloud and network providers.