Quarterhill Inc (NASDAQ:QTRH) Given Average Recommendation of “Hold” by Brokerages

Shares of Quarterhill Inc (NASDAQ:QTRH) have earned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Analysts have set a 1-year consensus price target of $1.70 for the company, according to Zacks. Zacks has also given Quarterhill an industry rank of 82 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on QTRH. Zacks Investment Research raised shares of Quarterhill from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Thursday, August 15th. TheStreet raised shares of Quarterhill from a “d+” rating to a “c-” rating in a research note on Wednesday, July 31st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sargent Investment Group LLC purchased a new position in Quarterhill during the second quarter valued at $36,000. Bank of Montreal Can grew its stake in Quarterhill by 382.2% during the second quarter. Bank of Montreal Can now owns 67,142 shares of the company’s stock valued at $72,000 after acquiring an additional 53,217 shares in the last quarter. Royal Bank of Canada grew its stake in Quarterhill by 6.9% during the second quarter. Royal Bank of Canada now owns 893,884 shares of the company’s stock valued at $965,000 after acquiring an additional 57,745 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Quarterhill by 3.7% during the second quarter. Renaissance Technologies LLC now owns 1,740,007 shares of the company’s stock valued at $1,879,000 after acquiring an additional 61,476 shares in the last quarter. 9.37% of the stock is owned by institutional investors.

Shares of NASDAQ QTRH traded up $0.06 during midday trading on Tuesday, reaching $1.38. The stock had a trading volume of 19,394 shares, compared to its average volume of 41,824. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.47 and a current ratio of 2.61. The company has a market capitalization of $156.84 million, a price-to-earnings ratio of -5.75 and a beta of 0.61. Quarterhill has a 12-month low of $0.86 and a 12-month high of $1.52.

Quarterhill (NASDAQ:QTRH) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $42.36 million during the quarter. Quarterhill had a negative return on equity of 9.83% and a negative net margin of 26.46%. As a group, analysts forecast that Quarterhill will post 0.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.009 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.61%. Quarterhill’s dividend payout ratio (DPR) is presently -16.67%.

About Quarterhill

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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