Quarterhill (TSE:QTRH) Sets New 12-Month High on Insider Buying Activity

Quarterhill Inc. (TSE:QTRH)’s share price reached a new 52-week high during trading on Wednesday following insider buying activity. The stock traded as high as C$1.97 and last traded at C$1.95, with a volume of 247315 shares. The stock had previously closed at C$1.87.

Specifically, Director Iii Burland Bland East purchased 17,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of C$1.84 per share, for a total transaction of C$31,280.00. Following the acquisition, the director directly owned 154,500 shares of the company’s stock, valued at C$284,280. This represents a 12.36% increase in their position.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets raised their price target on Quarterhill from C$2.00 to C$2.75 and gave the company an “outperform” rating in a report on Monday, April 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$2.75.

Quarterhill Price Performance

The firm has a market cap of C$233.96 million, a PE ratio of -4.40, a PEG ratio of 0.46 and a beta of 0.14. The firm has a fifty day simple moving average of C$1.43 and a two-hundred day simple moving average of C$1.12. The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94.

Quarterhill (TSE:QTRH) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$53.68 million during the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. Equities analysts predict that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Quarterhill Company Profile

Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill’s platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill’s platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently.