Quartix Technologies (LON:QTX) Posts Quarterly Earnings Results

Quartix Technologies plc (LON:QTX) posted its quarterly earnings data on Monday. The company reported GBX 5.52 EPS 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 Stock Down 2.0%

QTX stock opened at GBX 240 on Tuesday. The company has a 50 day moving average price of GBX 241.63 and a two-hundred day moving average price of GBX 259.33. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market capitalization of £116.29 million, a P/E ratio of 18.22 and a beta of 0.89. Quartix Technologies plc has a one year low of GBX 206 and a one year high of GBX 340.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Quartix Technologies in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company 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.