Quartix Technologies (LON:QTX) Shares Pass Above 50-Day Moving Average – What’s Next?

Quartix Technologies plc (LON:QTX) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 178.73 ($2.31) and traded as high as GBX 222 ($2.87). Quartix Technologies shares last traded at GBX 215.56 ($2.79), with a volume of 82,284 shares traded.

Quartix Technologies Stock Performance

The business has a 50-day moving average of GBX 180.63 and a two-hundred day moving average of GBX 167.49. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.29 and a quick ratio of 1.00. The company has a market cap of £103.80 million, a P/E ratio of -134.95 and a beta of 1.04.

Quartix Technologies (LON:QTX) last released its quarterly 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%. On average, sell-side analysts predict that Quartix Technologies plc will post 9.6330846 EPS for the current fiscal year.

Quartix Technologies Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 3rd will be issued a GBX 3 ($0.04) dividend. This is a positive change from Quartix Technologies’s previous dividend of $1.50. This represents a yield of 1.35%. The ex-dividend date is Thursday, April 3rd. Quartix Technologies’s payout ratio is currently -188.75%.

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.