Quartix Technologies (LON:QTX) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Quartix Technologies plc (LON:QTX) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 282.61 and traded as high as GBX 295.85. Quartix Technologies shares last traded at GBX 286.06, with a volume of 178,896 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group initiated coverage on shares of Quartix Technologies in a research report on Tuesday, November 4th. They issued a “buy” rating and a GBX 330 price objective for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Quartix Technologies currently has a consensus rating of “Buy” and an average target price of GBX 330.

Quartix Technologies Stock Performance

The stock has a market capitalization of £139.87 million, a PE ratio of 26.54 and a beta of 1.04. The business has a 50 day moving average price of GBX 282.61 and a 200 day moving average price of GBX 265.46. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00.

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.