Quartix Technologies (LON:QTX) Releases Earnings Results

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

Quartix Technologies Trading Up 16.6%

QTX traded up GBX 35.20 during trading hours on Wednesday, reaching GBX 247.20. The company’s stock had a trading volume of 114,629 shares, compared to its average volume of 54,085. Quartix Technologies plc has a fifty-two week low of GBX 180 and a fifty-two week high of GBX 340. The stock has a market cap of £119.72 million, a PE ratio of 22.72 and a beta of 0.59. The business’s 50-day moving average is GBX 279.70 and its 200-day moving average is GBX 280.74. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.60 and a quick ratio of 1.00.

Wall Street Analysts Forecast Growth

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