Quartix Technologies (LON:QTX) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Quartix Technologies (LON:QTX) stock recently crossed above its 50-day moving average, pricing at GBX 285 ($3.84), with recent trading showing a peak of GBX 290 ($3.91).
• The company reported a negative net margin of 2.45% and a PE ratio of 2,619.49, indicating potential financial concerns despite its market capitalization of £138.03 million.
• As of now, Quartix Technologies has installed its vehicle tracking system in over 800,000 vehicles globally, serving more than 30,000 fleet customers.

Quartix Technologies plc (LON:QTX) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 281.11 ($3.79) and traded as high as GBX 290 ($3.91). Quartix Technologies shares last traded at GBX 285 ($3.84), with a volume of 271,189 shares traded.

Quartix Technologies Stock Down 1.7%

The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.00 and a current ratio of 1.29. The firm's 50-day simple moving average is GBX 281.11 and its 200 day simple moving average is GBX 249.08. The company has a market capitalization of £138.03 million, a PE ratio of 2,619.49 and a beta of 1.04.

Quartix Technologies (LON:QTX - Get Free Report) last released 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, equities research analysts forecast 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.

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