Quartix Technologies (LON:QTX) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• Quartix Technologies plc shares fell below their 50-day moving average, trading as low as GBX 283.34 ($3.77), raising concerns about potential sell-off.
• The company reported a negative net margin of 2.45% and a negative return on equity of 4.50% in its last quarterly earnings.
• Analysts project Quartix Technologies will achieve earnings per share of approximately 9.63 for the current fiscal year.

Quartix Technologies plc (LON:QTX) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 284.84 ($3.79) and traded as low as GBX 283.34 ($3.77). Quartix Technologies shares last traded at GBX 294.50 ($3.92), with a volume of 78,957 shares trading hands.

Quartix Technologies Trading Up 2.0%

The company's 50 day simple moving average is GBX 284.84 and its two-hundred day simple moving average is GBX 253.25. 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 company has a market capitalization of £145.29 million, a price-to-earnings ratio of 2,757.35 and a beta of 1.04.

Quartix Technologies (LON:QTX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported GBX 5.52 EPS for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. As a group, research analysts anticipate that Quartix Technologies plc will post 9.6330846 earnings per share 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.

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