Quartix Technologies (LON:QTX) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Quartix Technologies plc (LON:QTX) passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

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, 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 Trading Down 2.0%

The company has a market cap of £104.52 million, a PE ratio of 17.71 and a beta of 0.89. 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 50 day moving average price of GBX 231.28 and a 200 day moving average price of GBX 251.52.

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