CIBC Has Lowered Expectations for Quarterhill (TSE:QTRH) Stock Price

Quarterhill (TSE:QTRHGet 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

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Quarterhill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quarterhill and related companies with MarketBeat.com's FREE daily email newsletter.