Quartix Technologies (LON:QTX) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Quartix Technologies shares have crossed above their fifty day moving average, indicating a potential bullish trend, trading at GBX 284.50 ($3.85).
• The company has a market capitalization of £137.77 million and reported a negative net margin of 2.45% along with a price-to-earnings ratio of 2,614.71.
• Quartix has installed its vehicle tracking system in over 800,000 vehicles and serves more than 30,000 fleet customers globally.

Quartix Technologies plc (LON:QTX) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 263.19 ($3.56) and traded as high as GBX 288 ($3.90). Quartix Technologies shares last traded at GBX 284.50 ($3.85), with a volume of 53,945 shares trading hands.

Quartix Technologies Trading Up 0.2%

The firm has a market capitalization of £137.77 million, a price-to-earnings ratio of 2,614.71 and a beta of 1.04. The business's 50-day simple moving average is GBX 263.19 and its two-hundred day simple moving average is GBX 235.77. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 2.50.

Quartix Technologies (LON:QTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported GBX 5.52 earnings per share for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. Equities analysts forecast that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

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.

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