Quartix Technologies (LON:QTX) Given “Buy” Rating at Canaccord Genuity Group

Quartix Technologies (LON:QTX)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 330 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 7.14% from the company’s previous close.

Quartix Technologies Stock Performance

Shares of LON QTX traded up GBX 10 during midday trading on Friday, reaching GBX 308. 42,474 shares of the company traded hands, compared to its average volume of 86,818. Quartix Technologies has a 52 week low of GBX 147 and a 52 week high of GBX 322.90. The stock has a 50-day moving average price of GBX 273.11 and a 200 day moving average price of GBX 272.32. 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 market cap of £149.16 million, a price-to-earnings ratio of 28.31 and a beta of 1.04.

Quartix Technologies Company Profile

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.