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

Quartix Technologies logo with Computer and Technology background

Key Points

  • Quartix Technologies shares recently surpassed their 50-day moving average, closing at GBX 264.81 ($3.58), which indicates potential positive momentum for the stock.
  • The company has reported a negative return on equity of 4.50% and a negative net margin of 2.45%, highlighting ongoing profitability challenges.
  • Quartix Technologies has a market capitalization of £128.15 million and serves over 30,000 fleet customers worldwide, showcasing its extensive market presence.
  • Interested in Quartix Technologies? Here are five stocks we like better.

Quartix Technologies plc (LON:QTX) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 253.39 ($3.42) and traded as high as GBX 268 ($3.62). Quartix Technologies shares last traded at GBX 264.81 ($3.57), with a volume of 1,153 shares trading hands.

Quartix Technologies Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 2.50. The stock's 50-day simple moving average is GBX 254.98 and its two-hundred day simple moving average is GBX 227.24. The company has a market capitalization of £125.86 million, a price-to-earnings ratio of -163.63 and a beta of 1.04.

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 net margin of 2.45% and a negative return on equity of 4.50%. Equities research analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

About Quartix Technologies

(Get Free Report)

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.

Further Reading

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