Quartix Technologies (LON:QTX) Stock Price Up 14.6% – Time to Buy?

Quartix Technologies plc (LON:QTX) shot up 14.6% during mid-day trading on Wednesday . The stock traded as high as GBX 247.20 and last traded at GBX 243. 125,368 shares traded hands during trading, an increase of 131% from the average session volume of 54,271 shares. The stock had previously closed at GBX 212.

Wall Street Analysts Forecast Growth

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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Stock Down 0.2%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.00 and a current ratio of 1.15. The company has a market capitalization of £113.56 million, a PE ratio of 21.55 and a beta of 0.59. The firm’s 50-day simple moving average is GBX 277.05 and its 200 day simple moving average is GBX 280.18.

Quartix Technologies (LON:QTX) last announced its quarterly earnings results on Wednesday, March 25th. The company reported GBX 13.18 earnings per share (EPS) for the quarter. Quartix Technologies had a net margin of 17.87% and a return on equity of 23.66%. As a group, equities research analysts forecast that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

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.