Quarterhill (TSE:QTRH – Get Free Report) had its target price cut by analysts at CIBC from C$2.30 to C$2.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 29.03% from the stock’s previous close.
Quarterhill Stock Down 1.3 %
Shares of TSE QTRH traded down C$0.02 during mid-day trading on Tuesday, reaching C$1.55. 1,900 shares of the company were exchanged, compared to its average volume of 63,882. Quarterhill has a 1 year low of C$1.46 and a 1 year high of C$2.00. The firm has a 50-day moving average of C$1.61 and a 200 day moving average of C$1.64. The stock has a market cap of C$126.97 million, a price-to-earnings ratio of -4.03, a P/E/G ratio of 0.46 and a beta of 0.66. The company has a quick ratio of 2.58, a current ratio of 1.31 and a debt-to-equity ratio of 47.89.
About Quarterhill
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