Quartix Technologies (LON:QTX) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Quartix Technologies (LON:QTX) in a research note released on Monday morning,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 330 price target on the stock.

Quartix Technologies Stock Down 7.3%

Shares of Quartix Technologies stock opened at GBX 209.75 on Monday. The firm has a market cap of £101.58 million, a price-to-earnings ratio of 19.28 and a beta of 1.01. The stock has a 50-day simple moving average of GBX 273.36 and a 200-day simple moving average of GBX 279.23. Quartix Technologies has a 52-week low of GBX 180 and a 52-week high of GBX 340. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.15 and a quick ratio of 1.00.

Quartix Technologies (LON:QTX) last released its quarterly earnings data on Wednesday, March 25th. The company reported GBX 13.18 EPS for the quarter. Quartix Technologies had a return on equity of 23.66% and a net margin of 17.87%. On average, equities research analysts expect that Quartix Technologies will post 9.6330846 earnings per share for the current fiscal 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. Fleet managers from many sectors benefit from the tracking services provided.