Quartix Technologies (LON:QTX) Shares Cross Above 50 Day Moving Average – What’s Next?

Shares of Quartix Technologies plc (LON:QTX) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 258.24 and traded as high as GBX 260. Quartix Technologies shares last traded at GBX 250, with a volume of 83,442 shares trading hands.

Analyst Upgrades and Downgrades

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

Quartix Technologies Price Performance

The stock has a market cap of £121.14 million, a PE ratio of 18.98 and a beta of 0.87. 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 company’s 50 day moving average is GBX 258.24 and its 200-day moving average is GBX 269.38.

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