Quartix Technologies (LON:QTX) Share Price Passes Above Fifty Day Moving Average of $490.46

Quartix Technologies Plc (LON:QTX) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 490.46 ($6.41) and traded as high as GBX 493.50 ($6.45). Quartix Technologies shares last traded at GBX 489.70 ($6.40), with a volume of 16,268 shares traded.

Separately, Shore Capital restated a “buy” rating on shares of Quartix Technologies in a report on Wednesday, July 7th.

The company’s fifty day moving average is GBX 490.52. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.54 and a current ratio of 1.76. The stock has a market cap of £238.09 million and a price-to-earnings ratio of 49.80.

About Quartix Technologies (LON:QTX)

Quartix Holdings plc engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and the European Territories. The company operates in two segment, Total Fleet and Insurance. It offers vehicle tracking system for businesses, such as real-time vehicle tracking; driver timesheet report; driver behavior report; vehicle tracking reports and dashboards; vehicle tracking alerts; customized tracking; and fleet management solutions and services.

Further Reading: How is a Moving Average Calculated?

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