Quartix Technologies (LON:QTX) Share Price Passes Above 50-Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 253.64 and traded as high as GBX 270. Quartix Technologies shares last traded at GBX 262.22, with a volume of 25,963 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 330 price objective on shares of Quartix Technologies in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Stock Performance

The firm has a market capitalization of £129.84 million, a price-to-earnings ratio of 20.35 and a beta of 0.87. 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 firm has a 50 day moving average price of GBX 253.64 and a 200-day moving average price of GBX 270.28.

Quartix Technologies (LON:QTX) last announced 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, sell-side analysts expect 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.