Quartix Technologies (LON:QTX) Stock Price Passes Above 50-Day Moving Average - What's Next?

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.

Quartix Technologies plc (LON:QTX)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 253.39 ($3.42) and traded as high as GBX 268 ($3.61). Quartix Technologies shares last traded at GBX 264.81 ($3.57), with a volume of 1,153 shares changing 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 firm has a market cap of £127.76 million, a P/E ratio of -166.10 and a beta of 1.04. The company has a fifty day simple moving average of GBX 254.47 and a 200-day simple moving average of GBX 226.98.

Quartix Technologies (LON:QTX - Get Free Report) last posted 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 return on equity of 4.50% and a negative net margin of 2.45%. On average, equities analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share for the current year.

About Quartix Technologies

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.