Quartix Technologies (LON:QTX) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Quartix Technologies plc (LON:QTX) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 226.57 and traded as high as GBX 234.32. Quartix Technologies shares last traded at GBX 222, with a volume of 30,524 shares trading hands.

Wall Street Analysts Forecast Growth

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

Quartix Technologies Stock Performance

The firm has a market cap of £106.72 million, a price-to-earnings ratio of 18.08 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 1.51. The stock has a fifty day moving average price of GBX 226.34 and a 200-day moving average price of GBX 244.21.

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