Quartix Technologies (LON:QTX) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 226.04 and traded as high as GBX 240. Quartix Technologies shares last traded at GBX 237.72, with a volume of 249,293 shares changing hands.

Wall Street Analyst Weigh In

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

Quartix Technologies Stock Down 0.5%

The business’s 50 day moving average is GBX 225.93 and its 200 day moving average is GBX 237.71. The company has a market capitalization of £114.50 million, a price-to-earnings ratio of 19.40 and a beta of 0.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.99 and a current ratio of 1.12.

Quartix Technologies (LON:QTX) last released its earnings results on Monday, July 27th. The company reported GBX 5.52 earnings per share for the quarter. Quartix Technologies had a net margin of 17.05% and a return on equity of 19.61%. Sell-side analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

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.