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 Monday . The stock has a 50-day moving average of GBX 275.32 and traded as high as GBX 280. Quartix Technologies shares last traded at GBX 276, with a volume of 5,014 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group initiated coverage on shares of Quartix Technologies in a research note on Tuesday, November 4th. They issued a “buy” rating and a GBX 330 target price on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Quartix Technologies currently has an average rating of “Buy” and an average price target of GBX 330.

Quartix Technologies Price Performance

The stock has a market cap of £130.76 million, a PE ratio of 24.82 and a beta of 1.04. The stock’s fifty day moving average is GBX 275.32 and its 200-day moving average is GBX 268.82. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00.

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.