Quartix Technologies (LON:QTX) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Quartix Technologies plc (LON:QTX) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 277.08 ($3.70) and traded as high as GBX 307 ($4.10). Quartix Technologies shares last traded at GBX 304.22 ($4.06), with a volume of 8,377 shares.

Quartix Technologies Price Performance

The business’s 50 day moving average is GBX 277.08 and its two-hundred day moving average is GBX 245.46. The firm has a market cap of £147.26 million, a P/E ratio of 2,794.67 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 2.50.

Quartix Technologies (LON:QTX) last announced its earnings results on Thursday, July 24th. The company reported GBX 5.52 earnings per share for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. As a group, analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

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.