Quartix Technologies (LON:QTX) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 270.30 and traded as low as GBX 255. Quartix Technologies shares last traded at GBX 263.32, with a volume of 102,778 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Quartix Technologies in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 330.

Get Our Latest Report on Quartix Technologies

Quartix Technologies Trading Up 1.3%

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 cap of £127.59 million, a P/E ratio of 19.99 and a beta of 0.87. The stock has a 50-day moving average of GBX 247.43 and a two-hundred day moving average of GBX 270.30.

Quartix Technologies (LON:QTXGet Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX 13.18 earnings per share for the quarter. Quartix Technologies had a return on equity of 23.66% and a net margin of 17.87%. On average, equities research analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

About Quartix Technologies

(Get Free Report)

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.

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