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

Key Points

• Quartix Technologies' shares recently rose above its 50-day moving average, marking a trading high of GBX 298 ($4.04), with the last trade at GBX 292 ($3.96).
• The company has a market cap of £144.32 million and reported a negative net margin of 2.45% along with a negative return on equity of 4.50% in its last earnings report.
• 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)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 257.91 ($3.48) and traded as high as GBX 298 ($4.02). Quartix Technologies shares last traded at GBX 292 ($3.94), with a volume of 14,594 shares.

Quartix Technologies Trading Up 1.4%

The firm has a market cap of £139.48 million, a P/E ratio of 2,647.06 and a beta of 1.04. The stock has a fifty day simple moving average of GBX 261.52 and a 200 day simple moving average of GBX 233.89. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.00 and a current ratio of 1.29.

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