Quartix Technologies (LON:QTX) Shares Up 14.6% – Here’s What Happened

Quartix Technologies plc (LON:QTX)’s stock price traded up 14.6% during trading on Wednesday . The company traded as high as GBX 247.20 and last traded at GBX 243. 125,368 shares were traded during trading, an increase of 131% from the average session volume of 54,271 shares. The stock had previously closed at GBX 212.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 330 target price on shares of Quartix Technologies in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Trading Up 17.7%

The company has a 50 day moving average of GBX 279.70 and a 200 day moving average of GBX 280.74. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.00 and a current ratio of 1.60. The stock has a market capitalization of £120.83 million, a price-to-earnings ratio of 22.93 and a beta of 0.59.

Quartix Technologies (LON:QTX) last announced its earnings results on Wednesday, March 25th. The company reported GBX 13.18 earnings per share (EPS) for the quarter. Quartix Technologies had a net margin of 15.51% and a return on equity of 25.90%. On average, research analysts predict that Quartix Technologies plc will post 9.6330846 EPS for the current fiscal year.

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.