Quartix Technologies (LON:QTX) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Quartix Technologies plc (LON:QTX)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 255.30 and traded as low as GBX 225. Quartix Technologies shares last traded at GBX 225, with a volume of 21,860 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 330 price target on shares of Quartix Technologies in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Quartix Technologies has an average rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Stock Down 1.3%

The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.99 and a current ratio of 1.12. The stock has a market cap of £109.99 million, a price-to-earnings ratio of 18.64 and a beta of 0.89. The business’s 50 day moving average is GBX 235.90 and its 200 day moving average is GBX 255.10.

Quartix Technologies (LON:QTX) last announced its quarterly earnings data on Monday, July 27th. The company reported GBX 5.52 earnings per share (EPS) for the quarter. Quartix Technologies had a return on equity of 19.61% and a net margin of 17.05%. Equities analysts expect that Quartix Technologies plc will post 9.6330846 earnings per share for the current 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.