Quartix Technologies (LON:QTX) Shares Cross Above 50-Day Moving Average – Should You Sell?

Quartix Technologies plc (LON:QTX)’s share price passed 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.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 330 target price on shares of Quartix Technologies in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Stock Down 2.2%

The business has a 50 day moving average price of GBX 226.98 and a 200 day moving average price of GBX 238.40. The firm has a market capitalization of £109.02 million, a P/E ratio of 18.47 and a beta of 0.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.12 and a quick ratio of 0.99.

Quartix Technologies (LON:QTX) last posted its quarterly earnings data on Monday, July 27th. The company reported GBX 5.52 earnings per share (EPS) for the quarter. Quartix Technologies had a net margin of 17.05% and a return on equity of 19.61%. On average, analysts predict that Quartix Technologies plc will post 9.63 earnings per share for the current 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.