Quartix Technologies (LON:QTX) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Quartix Technologies plc (LON:QTX)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 225.89 and traded as high as GBX 234.12. Quartix Technologies shares last traded at GBX 234.12, with a volume of 20,735 shares.

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 Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 330.

Quartix Technologies Stock Up 0.2%

The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 1.51. The company has a market capitalization of £111.69 million, a P/E ratio of 18.92 and a beta of 0.88. The firm has a 50-day moving average price of GBX 226.03 and a two-hundred day moving average price of GBX 237.91.

Quartix Technologies (LON:QTX) last announced its earnings results on Monday, July 27th. The company reported GBX 5.52 earnings per share (EPS) for the quarter. Quartix Technologies had a net margin of 17.05% and a return on equity of 19.61%. Equities research analysts anticipate that Quartix Technologies plc will post 9.63 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.