Quartix Technologies (LON:QTX) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Quartix Technologies plc (LON:QTX) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 193.07 ($2.57) and traded as high as GBX 224 ($2.98). Quartix Technologies shares last traded at GBX 220.10 ($2.93), with a volume of 43,687 shares traded.

Quartix Technologies Stock Performance

The stock has a 50 day simple moving average of GBX 197.87 and a 200 day simple moving average of GBX 175.40. The company has a market cap of £104.77 million, a price-to-earnings ratio of -136.21 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 2.50.

Quartix Technologies (LON:QTX - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported GBX 9.85 ($0.13) EPS for the quarter. Quartix Technologies had a negative return on equity of 4.50% and a negative net margin of 2.45%. As a group, analysts predict that Quartix Technologies plc will post 9.6330846 EPS for the current year.

Quartix Technologies Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, April 3rd. This is a boost from Quartix Technologies's previous dividend of $1.50. Quartix Technologies's payout ratio is currently -188.75%.

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.