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

Quartix Technologies plc (LON:QTX) shares crossed 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 trading hands.

Wall Street Analyst Weigh In

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

Quartix Technologies Stock Down 0.2%

The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market capitalization of £106.42 million, a price-to-earnings ratio of 16.68 and a beta of 0.89. The firm’s fifty day simple moving average is GBX 248.65 and its 200 day simple moving average is GBX 263.40.

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.