Quartix Technologies (LON:QTX) Share Price Passes Above 50-Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 253.64 and traded as high as GBX 270. Quartix Technologies shares last traded at GBX 262.22, with a volume of 25,963 shares changing hands.

Analyst Ratings Changes

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

Quartix Technologies Price Performance

The firm has a market cap of £129.84 million, a price-to-earnings ratio of 20.35 and a beta of 0.87. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average price is GBX 253.64 and its 200-day moving average price is GBX 270.28.

Quartix Technologies (LON:QTX) last issued 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%. On average, equities research analysts forecast that Quartix Technologies plc 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.