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Quartix Technologies (LON:QTX) Stock Price Passes Below 200 Day Moving Average - What's Next?

Quartix Technologies logo with Computer and Technology background
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Key Points

  • Technical breach: Quartix shares fell below their 200‑day moving average (200‑day MA GBX 272.06), trading as low as GBX 250 and last at GBX 266 on volume of 21,199, signaling a negative technical shift.
  • Analyst outlook: Canaccord Genuity reiterated a "Buy" and the stock carries a consensus "Buy" with an average price target of GBX 330, implying upside from current levels.
  • Fundamentals: The company has a market cap of £123.5M and a P/E of 19.36, with recent quarterly EPS of GBX 13.18, a net margin of 17.9% and ROE of 23.7%, indicating solid profitability despite the price dip.
  • MarketBeat previews the top five stocks to own by June 1st.

Quartix Technologies plc (LON:QTX)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 272.06 and traded as low as GBX 250. Quartix Technologies shares last traded at GBX 266, with a volume of 21,199 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 330 price target on shares of Quartix Technologies in a report on Monday, March 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 330.

View Our Latest Report on QTX

Quartix Technologies Stock Down 1.9%

The company has a market cap of £123.50 million, a P/E ratio of 19.36 and a beta of 0.75. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.15 and a quick ratio of 1.00. The company's 50-day moving average is GBX 251.12 and its two-hundred day moving average is GBX 272.06.

Quartix Technologies (LON:QTX - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported GBX 13.18 earnings per share for the quarter. Quartix Technologies had a net margin of 17.87% and a return on equity of 23.66%. As a group, equities analysts predict that Quartix Technologies plc will post 9.6330846 earnings per share for the current fiscal year.

About Quartix Technologies

(Get Free Report)

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. Fleet managers from many sectors benefit from the tracking services provided.

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