Quartix Technologies (LON:QTX) Posts Quarterly Earnings Results

Quartix Technologies plc (LON:QTX) released its quarterly earnings data on Wednesday. The company reported GBX 13.18 earnings per share for the quarter, Digital Look Earnings reports. Quartix Technologies had a return on equity of 23.66% and a net margin of 17.87%.

Quartix Technologies Trading Down 0.2%

Shares of Quartix Technologies stock opened at GBX 234.48 on Friday. The firm has a market cap of £113.56 million, a price-to-earnings ratio of 21.55 and a beta of 0.59. The business has a 50-day moving average price of GBX 277.05 and a 200-day moving average price of GBX 280.18. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.54. Quartix Technologies plc has a twelve month low of GBX 180 and a twelve month high of GBX 340.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 price target on shares of Quartix Technologies in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 330.

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.