Quartix Technologies (LON:QTX) Announces Quarterly Earnings Results

Quartix Technologies plc (LON:QTX) released its quarterly earnings data on Monday. The company reported GBX 5.52 earnings per share for the quarter, Digital Look Earnings reports. Quartix Technologies had a net margin of 17.87% and a return on equity of 23.66%.

Quartix Technologies Price Performance

QTX opened at GBX 244.72 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market capitalization of £118.58 million, a P/E ratio of 18.58 and a beta of 0.89. The company’s 50-day simple moving average is GBX 241.63 and its two-hundred day simple moving average is GBX 259.33. Quartix Technologies plc has a 52-week low of GBX 206 and a 52-week high of GBX 340.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 330 price target on shares of Quartix Technologies in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.