Quartix Technologies (LON:QTX) Shares Up 15.9% - Still a Buy?

Shares of Quartix Technologies plc (LON:QTX) were up 15.9% during trading on Tuesday . The company traded as high as GBX 226 ($2.92) and last traded at GBX 226 ($2.92). Approximately 149,803 shares were traded 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 ($2.52).

Quartix Technologies Price Performance

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 £107.43 million, a price-to-earnings ratio of -139.67 and a beta of 1.04. The business's fifty day simple moving average is GBX 176.58 and its 200 day simple moving average is GBX 166.55.

Quartix Technologies (LON:QTX - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported GBX 9.85 ($0.13) EPS for the quarter. Quartix Technologies had a negative net margin of 2.45% and a negative return on equity of 4.50%. Research analysts predict that Quartix Technologies plc will post 9.6330846 EPS for the current fiscal year.

Quartix Technologies Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be given a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 1.35%. This is an increase from Quartix Technologies's previous dividend of $1.50. Quartix Technologies's payout ratio is presently -188.75%.

About Quartix Technologies

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.