Canaccord Genuity Group initiated coverage on shares of Quartix Technologies (LON:QTX) in a report issued on Tuesday,London Stock Exchange reports. The firm set a “buy” rating and a GBX 330 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 26.92% from the stock’s current price.
Quartix Technologies Price Performance
Shares of LON:QTX traded down GBX 16 during midday trading on Tuesday, reaching GBX 260. 27,234 shares of the company were exchanged, compared to its average volume of 42,962. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 2.50. The business’s fifty day moving average is GBX 287.03 and its two-hundred day moving average is GBX 261.61. Quartix Technologies has a one year low of GBX 147 and a one year high of GBX 322.90. The stock has a market cap of £125.92 million, a PE ratio of 23.90 and a beta of 1.04.
Quartix Technologies Company Profile
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.
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