Quartix Technologies’ (QTX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Quartix Technologies (LON:QTX) in a report published on Thursday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 330 price objective on the stock.

Quartix Technologies Trading Up 0.2%

LON:QTX opened at GBX 238 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.12 and a quick ratio of 0.99. The firm has a market capitalization of £115.32 million, a price-to-earnings ratio of 18.07 and a beta of 0.89. Quartix Technologies has a one year low of GBX 206 and a one year high of GBX 340. The business has a fifty day moving average price of GBX 239.61 and a 200-day moving average price of GBX 257.95.

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