Quartix Technologies (LON:QTX) Stock Passes Above 50-Day Moving Average - Here's What Happened

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)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 263.19 ($3.57) and traded as high as GBX 288 ($3.91). Quartix Technologies shares last traded at GBX 284.50 ($3.86), with a volume of 53,945 shares.

Quartix Technologies Trading Up 2.1%

The stock has a market capitalization of £138.51 million, a PE ratio of 2,628.68 and a beta of 1.04. The firm has a 50 day moving average price of GBX 265.37 and a 200 day moving average price of GBX 239. 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 released its earnings results on Thursday, July 24th. The company reported GBX 5.52 earnings per share (EPS) for the quarter. Quartix Technologies had a negative return on equity of 4.50% and a negative net margin of 2.45%. Equities analysts expect that Quartix Technologies plc will post 9.6330846 EPS for the current fiscal 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.