Enteq Technologies slumps after lowering annual earnings expectations

Enteq Technologies

21/09/2022 10:14

** Shares of energy services technology and equipment
supplier Enteq Technologies  NTQ.L  plunge 34% to 9.75p
    ** Stock hits lowest since June 2020, and is headed for
worst day since April 2013 if losses hold
    ** NTQ says it expects full-year revenue and profit
generation from its Measurement While Drilling (MWD) products to
come below previous expectations  urn:newsml:reuters.com:*:nFWN30R27E
    ** Says international MWD market continues to see muted
demand compared to pre-COVID-19 levels
    ** Including net session losses, co's shares are down about
31% YTD

 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com;))