Canaccord Genuity Group Reiterates Buy Rating for Quartix Technologies (LON:QTX)

Quartix Technologies (LON:QTX)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Monday,London Stock Exchange reports. They currently have a GBX 330 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 57.33% from the stock’s current price.

Quartix Technologies Stock Performance

QTX stock traded down GBX 16.42 during midday trading on Monday, reaching GBX 209.75. 62,493 shares of the company’s stock traded hands, compared to its average volume of 54,310. The company has a 50-day moving average price of GBX 275.43 and a two-hundred day moving average price of GBX 279.74. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.00 and a current ratio of 1.15. Quartix Technologies has a 52 week low of GBX 180 and a 52 week high of GBX 340. The firm has a market capitalization of £101.58 million, a PE ratio of 19.28 and a beta of 1.01.

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

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.