Quartix Technologies (LON:QTX) Stock Price Down 10.3% – Should You Sell?

Shares of Quartix Technologies plc (LON:QTX) traded down 10.3% during mid-day trading on Wednesday . The stock traded as low as GBX 255 and last traded at GBX 255. 71,415 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 55,406 shares. The stock had previously closed at GBX 284.35.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 330 price target on shares of Quartix Technologies in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 330.

Quartix Technologies Stock Down 0.4%

The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54. The firm’s 50 day simple moving average is GBX 253.97 and its 200-day simple moving average is GBX 273.49. The stock has a market capitalization of £121.08 million, a price-to-earnings ratio of 18.98 and a beta of 0.75.

Quartix Technologies (LON:QTX) last issued 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 net margin of 17.87% and a return on equity of 23.66%. Equities analysts expect that Quartix Technologies plc will post 9.6330846 earnings per share 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.