Quartix Technologies (LON:QTX) Trading 15.9% Higher – What’s Next?

Quartix Technologies plc (LON:QTX)’s share price was up 15.9% during mid-day trading on Tuesday . The company traded as high as GBX 226 ($2.94) and last traded at GBX 226 ($2.94). Approximately 149,803 shares traded hands during mid-day trading, an increase of 467% from the average daily volume of 26,436 shares. The stock had previously closed at GBX 195 ($2.53).

Quartix Technologies Trading Up 15.9 %

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 stock has a market cap of £109.37 million, a price-to-earnings ratio of -142.19 and a beta of 1.04. The business has a 50-day simple moving average of GBX 171.22 and a two-hundred day simple moving average of GBX 165.52.

Quartix Technologies (LON:QTX) last released its earnings results on Monday, March 3rd. The company reported GBX 9.85 ($0.13) earnings per share 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, research analysts forecast that Quartix Technologies plc will post 9.6330846 EPS for the current year.

Quartix Technologies Company Profile

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.