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

Quartix Technologies plc (LON:QTX)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 249.10 and traded as high as GBX 270. Quartix Technologies shares last traded at GBX 265.50, with a volume of 15,626 shares.

Analyst Upgrades and Downgrades

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

Quartix Technologies Stock Performance

The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is GBX 250.22 and its 200 day moving average is GBX 269.83. The stock has a market capitalization of £130.59 million, a PE ratio of 20.46 and a beta of 0.87.

Quartix Technologies (LON:QTX) last released its quarterly earnings results on Wednesday, March 25th. The company reported GBX 13.18 EPS for the quarter. Quartix Technologies had a net margin of 17.87% and a return on equity of 23.66%. On average, equities research analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal year.

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.