Quartix Technologies (LON:QTX) Shares Cross Below 200-Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 251.52 and traded as low as GBX 215.55. Quartix Technologies shares last traded at GBX 215.70, with a volume of 6,419 shares traded.

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

The stock’s 50-day moving average price is GBX 231.28 and its two-hundred day moving average price is GBX 251.52. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of £104.52 million, a P/E ratio of 17.71 and a beta of 0.89.

Quartix Technologies (LON:QTX – Get Free Report) last issued 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, research analysts expect that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal year.

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.