Quartix Technologies (LON:QTX) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Quartix Technologies plc (LON:QTX)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 255.30 and traded as low as GBX 225. Quartix Technologies shares last traded at GBX 225, with a volume of 21,860 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 price objective on shares of Quartix Technologies in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Stock Down 3.5%

The company has a market capitalization of £107.57 million, a price-to-earnings ratio of 18.23 and a beta of 0.89. The firm’s 50 day moving average price is GBX 236.75 and its two-hundred day moving average price is GBX 255.30. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 1.51.

Quartix Technologies (LON:QTX) last issued its earnings results on Monday, July 27th. The company reported GBX 5.52 earnings per share (EPS) for the quarter. Quartix Technologies had a net margin of 17.05% and a return on equity of 19.61%. Sell-side analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal 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.