Quartix Technologies (LON:QTX) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Quartix Technologies plc (LON:QTX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 255.30 and traded as low as GBX 225. Quartix Technologies shares last traded at GBX 225, with a volume of 21,860 shares.

Analyst Ratings Changes

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

Quartix Technologies Price Performance

The company has a 50 day moving average of GBX 236.75 and a 200-day moving average of GBX 255.30. The firm has a market capitalization of £107.57 million, a P/E ratio of 18.23 and a beta of 0.89. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 1.51.

Quartix Technologies (LON:QTX) last issued its quarterly earnings data on Monday, July 27th. The company reported GBX 5.52 EPS for the quarter. Quartix Technologies had a return on equity of 19.61% and a net margin of 17.05%. On average, sell-side analysts predict 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.