Quartix Technologies (LON:QTX) Shares Pass Above 50 Day Moving Average - Here's Why

Quartix Technologies plc (LON:QTX) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 217.93 ($2.96) and traded as high as GBX 269.68 ($3.66). Quartix Technologies shares last traded at GBX 260 ($3.53), with a volume of 291,587 shares changing hands.

Quartix Technologies Stock Down 1.5%

The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.00 and a current ratio of 1.29. The firm has a market capitalization of £122.95 million, a P/E ratio of -159.85 and a beta of 1.04. The stock has a fifty day moving average price of GBX 220.48 and a two-hundred day moving average price of GBX 187.40.

Quartix Technologies (LON:QTX - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported GBX 9.85 ($0.13) earnings per share for the quarter. Quartix Technologies had a negative return on equity of 4.50% and a negative net margin of 2.45%. Research analysts forecast that Quartix Technologies plc will post 9.6330846 EPS for the current year.

Quartix Technologies Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd were issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 1.35%. This is an increase from Quartix Technologies's previous dividend of $1.50. The ex-dividend date of this dividend was Thursday, April 3rd. Quartix Technologies's payout ratio is -188.75%.

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.