Quarterhill (TSE:QTRH) Reaches New 1-Year High – Time to Buy?

Quarterhill Inc. (TSE:QTRH) reached a new 52-week high on Wednesday . The company traded as high as C$2.50 and last traded at C$2.40, with a volume of 3218281 shares. The stock had previously closed at C$2.40.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets lifted their price objective 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 MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$2.75.

Quarterhill Price Performance

The company has a market capitalization of C$287.95 million, a price-to-earnings ratio of -5.42, a P/E/G ratio of 0.46 and a beta of 0.10. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The firm has a 50 day moving average price of C$1.75 and a two-hundred day moving average price of C$1.29.

Quarterhill (TSE:QTRH) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The business 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%. As a group, sell-side analysts expect that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.

Insider Activity

In other Quarterhill news, Director Iii Burland Bland East bought 129,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$1.77 per share, with a total value of C$228,330.00. Following the transaction, the director directly owned 137,500 shares in the company, valued at approximately C$243,375. This trade represents a 1,517.65% increase in their position. 1.72% of the stock is currently owned by insiders.

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.