Quartix Technologies (LON:QTX) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

Quartix Technologies plc (LON:QTX)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 226.98 and traded as high as GBX 235. Quartix Technologies shares last traded at GBX 225.20, with a volume of 23,044 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 330 price objective on shares of Quartix Technologies in a 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 an average price target of GBX 330.

Quartix Technologies Stock Down 2.2%

The business’s 50 day moving average is GBX 227.17 and its 200 day moving average is GBX 238.30. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 1.51. The company has a market cap of £109.02 million, a P/E ratio of 18.47 and a beta of 0.88.

Quartix Technologies (LON:QTX) last announced its earnings results 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%. As a group, equities analysts anticipate that Quartix Technologies plc will post 9.63 earnings per share for the current fiscal year.

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.