Quartix Technologies (LON:QTX) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Quartix Technologies plc (LON:QTX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 270.30 and traded as low as GBX 255. Quartix Technologies shares last traded at GBX 263.32, with a volume of 102,778 shares changing hands.

Analyst Upgrades and Downgrades

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

Quartix Technologies Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 1.15 and a quick ratio of 1.00. The stock has a 50 day moving average price of GBX 247.43 and a two-hundred day moving average price of GBX 270.30. The firm has a market capitalization of £127.59 million, a price-to-earnings ratio of 19.99 and a beta of 0.87.

Quartix Technologies (LON:QTX) last released its quarterly earnings data on Wednesday, March 25th. The company reported GBX 13.18 earnings per share (EPS) for the quarter. Quartix Technologies had a return on equity of 23.66% and a net margin of 17.87%. As a group, analysts expect that Quartix Technologies plc 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.