Quartix Technologies’ (QTX) Buy Rating Reaffirmed at Canaccord Genuity Group

Quartix Technologies (LON:QTX)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 330 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 37.50% from the stock’s previous close.

Quartix Technologies Price Performance

QTX remained flat at GBX 240 during trading on Thursday. 16,787 shares of the company’s stock were exchanged, compared to its average volume of 49,575. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of £116.29 million, a PE ratio of 18.22 and a beta of 0.89. The company has a 50 day simple moving average of GBX 240.68 and a 200-day simple moving average of GBX 258.60. Quartix Technologies has a twelve month low of GBX 206 and a twelve month high of GBX 340.

Quartix Technologies (LON:QTX) last issued its quarterly earnings results on Monday, July 27th. The company reported GBX 5.52 earnings per share for the quarter. Quartix Technologies had a return on equity of 23.66% and a net margin of 17.87%. As a group, equities research analysts anticipate that Quartix Technologies will post 9.6330846 EPS for the current 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.