Quartix Technologies (LON:QTX) Shares Cross Below 50-Day Moving Average – Time to Sell?

Quartix Technologies plc (LON:QTX) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 286.71 and traded as low as GBX 240. Quartix Technologies shares last traded at GBX 241, with a volume of 27,575 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Quartix Technologies in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Price Performance

The company has a market capitalization of £116.72 million, a P/E ratio of 22.15 and a beta of 0.59. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.60 and a quick ratio of 1.00. The firm’s 50-day moving average is GBX 286.71 and its 200-day moving average is GBX 282.66.

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.