Quartix Technologies (LON:QTX) Stock Passes Above Fifty Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 272.70 and traded as high as GBX 280. Quartix Technologies shares last traded at GBX 272.51, with a volume of 25,667 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on Quartix Technologies in a research report on Tuesday, November 4th. They set a “buy” rating and a GBX 330 price target for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Quartix Technologies presently has a consensus rating of “Buy” and a consensus price target of GBX 330.

Quartix Technologies Stock Up 1.1%

The company has a market cap of £134.64 million, a price-to-earnings ratio of 25.55 and a beta of 1.04. The business has a fifty day moving average of GBX 272.49 and a two-hundred day moving average of GBX 269.53. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 2.50.

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.