Quartix Technologies (LON:QTX) Releases Quarterly Earnings Results

Quartix Technologies plc (LON:QTX) announced its quarterly earnings results on Wednesday. The company reported GBX 13.18 EPS for the quarter, Digital Look Earnings reports. Quartix Technologies had a net margin of 15.51% and a return on equity of 25.90%.

Quartix Technologies Trading Up 0.6%

Shares of QTX stock opened at GBX 246.50 on Thursday. The stock has a market cap of £119.38 million, a P/E ratio of 22.66 and a beta of 0.59. Quartix Technologies plc has a 1 year low of GBX 180 and a 1 year high of GBX 340. The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The stock has a 50 day simple moving average of GBX 278.56 and a 200 day simple moving average of GBX 280.52.

Analyst Upgrades and Downgrades

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

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. Fleet managers from many sectors benefit from the tracking services provided.