Quarterhill (TSE:QTRH) Trading Down 1.7% – Here’s Why

Quarterhill Inc. (TSE:QTRH) shares fell 1.7% on Thursday . The stock traded as low as C$1.75 and last traded at C$1.76. 82,175 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 185,077 shares. The stock had previously closed at C$1.79.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lifted their target price 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Quarterhill presently has an average rating of “Buy” and a consensus target price of C$2.75.

Quarterhill Stock Down 1.7%

The firm has a 50-day simple moving average of C$1.69 and a 200 day simple moving average of C$1.24. 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 company has a market capitalization of C$211.17 million, a PE ratio of -3.97, a price-to-earnings-growth ratio of 0.46 and a beta of 0.10.

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

Insider Buying and Selling at Quarterhill

In other Quarterhill news, Director Iii Burland Bland East purchased 17,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of C$1.84 per share, for a total transaction of C$31,280.00. Following the completion of the transaction, the director owned 154,500 shares in the company, valued at C$284,280. The trade was a 12.36% increase in their ownership of the stock. 1.72% of the stock is currently owned by company insiders.

About Quarterhill

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.