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

Quartix Technologies plc (LON:QTX)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 281.13 and traded as high as GBX 284. Quartix Technologies shares last traded at GBX 284, with a volume of 68,879 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group began coverage on shares of Quartix Technologies in a research report on Tuesday, November 4th. They issued a “buy” rating and a GBX 330 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 330.

Quartix Technologies Price Performance

The stock has a 50-day moving average of GBX 281.13 and a two-hundred day moving average of GBX 267.27. The firm has a market cap of £137.54 million, a price-to-earnings ratio of 26.10 and a beta of 1.04. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 2.50.

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.