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

Quartix Technologies plc (LON:QTX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 272.06 and traded as low as GBX 250. Quartix Technologies shares last traded at GBX 266, with a volume of 21,199 shares traded.

Analysts Set New Price Targets

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

Quartix Technologies Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a market cap of £123.50 million, a P/E ratio of 19.36 and a beta of 0.75. The business’s 50-day simple moving average is GBX 251.12 and its 200 day simple moving average is GBX 272.06.

Quartix Technologies (LON:QTX) last posted its 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%. As a group, equities analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share 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.