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

Shares of Quartix Technologies plc (LON:QTX) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 272.70 and traded as high as GBX 280. Quartix Technologies shares last traded at GBX 272.51, with a volume of 25,667 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on Quartix Technologies in a research report on Tuesday, November 4th. They set a “buy” rating and a GBX 330 target price for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 330.

Quartix Technologies Stock Performance

The company has a market capitalization of £132.08 million, a PE ratio of 25.07 and a beta of 1.04. The firm’s 50-day simple moving average is GBX 272.70 and its 200-day simple moving average is GBX 269.47. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 2.50.

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.