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

Quartix Technologies plc (LON:QTX)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 248.65 and traded as low as GBX 215. Quartix Technologies shares last traded at GBX 219.62, with a volume of 22,857 shares.

Analysts Set New Price Targets

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

Quartix Technologies Stock Down 0.2%

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.15 and a quick ratio of 0.99. The firm’s 50 day moving average is GBX 248.65 and its two-hundred day moving average is GBX 263.40. The firm has a market capitalization of £106.42 million, a P/E ratio of 16.68 and a beta of 0.89.

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.