Quarterhill (TSE:QTRH) Director Purchases C$31,280.00 in Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 17,000 shares of Quarterhill stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of C$1.84 per share, with a total value of C$31,280.00. Following the completion of the purchase, the director owned 154,500 shares of the company’s stock, valued at approximately C$284,280. This represents a 12.36% increase in their ownership of the stock.

Iii Burland Bland East also recently made the following trade(s):

• On Friday, May 15th, Iii Burland Bland East acquired 129,000 shares of Quarterhill stock. The stock was purchased at an average cost of C$1.77 per share, with a total value of C$228,330.00.

Quarterhill Stock Performance

Shares of TSE QTRH opened at C$2.14 on Friday. The firm has a fifty day moving average price of C$1.49 and a 200-day moving average price of C$1.14. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58. The stock has a market cap of C$256.76 million, a PE ratio of -4.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.14. Quarterhill Inc. has a 1 year low of C$0.89 and a 1 year high of C$2.14.

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

Analyst Ratings Changes

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

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.