Quartix Technologies (LON:QTX) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Quartix Technologies plc (LON:QTX) shares crossed 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 traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 330 price target on shares of Quartix Technologies in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 330.

Quartix Technologies Trading Up 1.8%

The firm has a 50-day moving average of GBX 249.10 and a 200-day moving average of GBX 269.80. 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 capitalization of £130.73 million, a P/E ratio of 20.49 and a beta of 0.87.

Quartix Technologies (LON:QTX) last posted 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 return on equity of 23.66% and a net margin of 17.87%. On average, equities research analysts anticipate that Quartix Technologies plc will post 9.6330846 EPS 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.