Quartix Technologies (LON:QTX) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 288.83 and traded as high as GBX 300. Quartix Technologies shares last traded at GBX 290, with a volume of 4,906 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Quartix Technologies in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Price Performance

The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00. The company has a fifty day moving average price of GBX 288.83 and a 200 day moving average price of GBX 281.76. The company has a market capitalization of £140.45 million, a P/E ratio of 26.65 and a beta of 1.04.

About Quartix Technologies

The Quartix vehicle tracking system has been installed in over 800,000 vehicles.

Quartix was founded in 2001 by four industry professionals in the UK who have a combined 120+ years experience in systems design, telemetry, embedded computing, communications and database design and implementation.

We now have more than 30,000 fleet customers globally. Fleet managers from many sectors benefit from the tracking services provided.