Quartix Technologies (LON:QTX) Stock Jumps 0.3% – Here’s What Happened

Quartix Technologies plc (LON:QTX) shares shot up 0.3% on Friday. The company traded as high as GBX 220 and last traded at GBX 215.74. Approximately 119,631 shares were traded during mid-day trading, an increase of 151% from the average daily volume of 47,623 shares. The stock had previously closed at GBX 215.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 330 price target on shares of Quartix Technologies in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Quartix Technologies presently has an average rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Price Performance

The stock has a market capitalization of £104.54 million, a P/E ratio of 17.71 and a beta of 0.88. The stock’s fifty day moving average is GBX 226.51 and its 200-day moving average is GBX 242.84. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.12 and a quick ratio of 0.99.

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.