Quartix Technologies (LON:QTX) Stock Crosses Below 50 Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 286.71 and traded as low as GBX 240. Quartix Technologies shares last traded at GBX 241, with a volume of 27,575 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 330 price target on shares of Quartix Technologies in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Quartix Technologies presently has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The company has a market cap of £116.72 million, a P/E ratio of 22.15 and a beta of 0.59. The business’s 50 day simple moving average is GBX 286.71 and its 200 day simple moving average is GBX 282.66.

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.