Wi-LAN (OTCMKTS:QTRHF) Trading Down 7.1% – Here’s Why

Wi-LAN Inc (OTCMKTS:QTRHF)’s stock price was down 7.1% on Tuesday . The stock traded as low as $1.8060 and last traded at $1.8120. 4,550 shares changed hands during trading, a decline of 88% from the average session volume of 38,842 shares. The stock had previously closed at $1.95.

Wi-LAN Stock Performance

The stock has a market capitalization of $220.82 million, a PE ratio of -4.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a 50 day moving average of $1.49 and a 200-day moving average of $1.06.

Wi-LAN (OTCMKTS:QTRHF) last released its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $38.61 million for the quarter, compared to analysts’ expectations of $37.28 million. Wi-LAN had a negative net margin of 32.08% and a negative return on equity of 51.46%.

Wi-LAN Company Profile

Wi-LAN Inc, trading on the OTCMKTS as QTRHF, is a Canadian technology company specializing in licensing and monetizing intellectual property in the semiconductor and wireless communications sectors. Headquartered in Ottawa, Ontario, the company acquires, develops and licenses patents covering a range of technologies, with particular emphasis on standards-based innovations in cellular networking, Wi-Fi and Internet of Things (IoT) applications. Through patent sales and licensing agreements, Wi-LAN seeks to generate revenue from its extensive portfolio of proprietary technologies.

Originally founded in 1992, Wi-LAN has evolved its business model from technology development to intellectual property management and enforcement.