Quartix Technologies Reports Quarterly Earnings Results

Quartix Technologies plc (LON:QTX) announced its quarterly earnings results on Monday. The company reported earnings of GBX 9.85 ($0.12) per share for the quarter, according to Digital Look Earnings. In addition, Quartix Technologies recorded a negative return on equity of 4.50% and a negative net margin of 2.45%.

Quartix Technologies Stock Performance

On Monday, shares of Quartix Technologies opened at GBX 172.90 ($2.18). The company has a market capitalization of £83.67 million with a price-to-earnings (P/E) ratio of -108.78 and a beta of 1.04. Over the past year, Quartix shares have reached a low of GBX 135 ($1.70) and a high of GBX 208 ($2.62). The debt-to-equity ratio stands at 2.50, while the current ratio is 1.29 and the quick ratio is 1.00. Furthermore, the 50-day simple moving average for the stock is GBX 162.62, and the 200-day simple moving average is GBX 164.75.

About Quartix Technologies

Founded in 2001 by four industry professionals with extensive experience in systems design, telemetry, and other related fields, Quartix Technologies has installed its vehicle tracking system in over 800,000 vehicles. The company now serves more than 30,000 fleet customers worldwide.

Market Insights

Considering the current performance of Quartix Technologies, potential investors may want to evaluate options before making decisions. While the company has received a Hold rating from analysts, there are recommendations for stocks that analysts view more favorably.

Final Thoughts

The earnings results from Quartix Technologies shed light on the company's recent performance and provide insights for current and prospective investors. Given the challenges indicated by negative return metrics, careful analysis is suggested for those interested in the stock.

Quartix, Earnings, Stocks