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

Key Points

• Quartix Technologies stock price has crossed above its 50-day moving average of GBX 251.02, trading as high as GBX 280 during recent sessions.
• The company reported a quarterly earnings per share (EPS) of GBX 5.52 ($0.07) with a negative return on equity of 4.50% and a market cap of £132.11 million.
• 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 passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 251.02 ($3.38) and traded as high as GBX 280 ($3.77). Quartix Technologies shares last traded at GBX 273 ($3.67), with a volume of 42,772 shares changing hands.

Quartix Technologies Stock Performance

The company has a market capitalization of £129.69 million, a price-to-earnings ratio of -168.61 and a beta of 1.04. The stock has a 50-day simple moving average of GBX 252.51 and a 200-day simple moving average of GBX 223.92. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 2.50.

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 (EPS) for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. On average, 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.