Quartix Technologies (LON:QTX) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 227.23 and traded as high as GBX 230. Quartix Technologies shares last traded at GBX 223.50, with a volume of 30,659 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 price target on shares of Quartix Technologies in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Quartix Technologies presently has a consensus rating of “Buy” and a consensus price target of GBX 330.

Quartix Technologies Stock Performance

The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.99 and a current ratio of 1.12. The firm’s 50 day moving average is GBX 227.01 and its 200-day moving average is GBX 247.36. The firm has a market cap of £111.45 million, a price-to-earnings ratio of 18.88 and a beta of 0.89.

Quartix Technologies (LON:QTX) last posted its earnings results on Monday, July 27th. The company reported GBX 5.52 EPS for the quarter. Quartix Technologies had a net margin of 17.05% and a return on equity of 19.61%. Sell-side analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal year.

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.