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

Quartix Technologies plc (LON:QTX)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 225.45 and traded as high as GBX 230. Quartix Technologies shares last traded at GBX 224.11, with a volume of 55,041 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 330 price objective on shares of Quartix Technologies in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Quartix Technologies currently has an average rating of “Buy” and an average target price of GBX 330.

Quartix Technologies Trading Up 1.1%

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 company’s fifty day simple moving average is GBX 225.55 and its 200-day simple moving average is GBX 240.07. The company has a market capitalization of £109.02 million, a P/E ratio of 18.47 and a beta of 0.88.

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%. Research analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share 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.