Quartix Technologies (LON:QTX) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Quartix Technologies plc (LON:QTX) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 188.33 ($2.50) and traded as high as GBX 296 ($3.93). Quartix Technologies shares last traded at GBX 202 ($2.68), with a volume of 14,700 shares trading hands.

Quartix Technologies Trading Up 3.0 %

The company has a market capitalization of £98.72 million, a P/E ratio of -128.35 and a beta of 1.04. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00. The company has a fifty day simple moving average of GBX 189.11 and a two-hundred day simple moving average of GBX 172.24.

Quartix Technologies (LON:QTX) last posted its quarterly earnings data on Monday, March 3rd. The company reported GBX 9.85 ($0.13) earnings per share (EPS) for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. On average, analysts forecast that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal year.

Quartix Technologies Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 3 ($0.04) per share. This is an increase from Quartix Technologies’s previous dividend of $1.50. The ex-dividend date is Thursday, April 3rd. This represents a yield of 1.35%. Quartix Technologies’s dividend payout ratio is -188.75%.

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.