Quarterhill (TSE:QTRH) Shares Down 1.9%

Quarterhill Inc. (TSE:QTRH) fell 1.9% during trading on Monday . The stock traded as low as C$1.50 and last traded at C$1.51. 201,535 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 60,936 shares. The stock had previously closed at C$1.54.

Wall Street Analysts Forecast Growth

Separately, CIBC increased their price objective on shares of Quarterhill from C$2.50 to C$2.60 and gave the company an “outperform” rating in a report on Tuesday, May 14th.

Quarterhill Trading Down 1.9 %

The company has a 50 day simple moving average of C$1.67 and a 200 day simple moving average of C$1.73. The company has a market capitalization of C$174.19 million, a PE ratio of -6.29, a price-to-earnings-growth ratio of 0.46 and a beta of 0.65. The company has a debt-to-equity ratio of 46.79, a quick ratio of 2.58 and a current ratio of 1.37.

About Quarterhill

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.