Quartix Technologies (LON:QTX) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 271.99 and traded as high as GBX 277. Quartix Technologies shares last traded at GBX 277, with a volume of 1,388 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group began coverage on Quartix Technologies in a research report on Tuesday, November 4th. They set a “buy” rating and a GBX 330 target price on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Trading Down 0.5%

The stock has a market capitalization of £132.46 million, a PE ratio of 25.14 and a beta of 1.04. The business’s 50-day moving average is GBX 271.97 and its two-hundred day moving average is GBX 270.48. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.00 and a current ratio of 1.29.

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.