Quartix Technologies’ (QTX) Buy Rating Reiterated at Canaccord Genuity Group

Quartix Technologies (LON:QTX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report released on Friday,Digital Look reports. They currently have a GBX 330 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 7.14% from the company’s current price.

Quartix Technologies Stock Performance

Shares of QTX stock traded up GBX 10 during trading hours on Friday, reaching GBX 308. The stock had a trading volume of 42,474 shares, compared to its average volume of 86,818. The firm has a market capitalization of £149.16 million, a PE ratio of 28.31 and a beta of 1.04. The firm has a 50-day simple moving average of GBX 273.11 and a 200-day simple moving average of GBX 272.32. Quartix Technologies has a twelve month low of GBX 147 and a twelve month high of GBX 322.90. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00.

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.