Quarterhill (TSE:QTRH) Trading Down 2.3%

Quarterhill Inc (TSE:QTRH) dropped 2.3% on Wednesday . The stock traded as low as C$1.69 and last traded at C$1.70, approximately 139,419 shares were traded during trading. An increase of 11% from the average daily volume of 126,014 shares. The stock had previously closed at C$1.74.

Separately, Cormark increased their price target on Quarterhill from C$2.00 to C$2.25 in a report on Friday, August 9th.

The firm has a market cap of $206.74 million and a PE ratio of -13.39. The company has a quick ratio of 3.44, a current ratio of 3.83 and a debt-to-equity ratio of 3.66. The company’s 50 day moving average price is C$1.71 and its two-hundred day moving average price is C$1.64.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be issued a $0.0125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.05 annualized dividend and a dividend yield of 2.91%. Quarterhill’s dividend payout ratio (DPR) is presently -29.53%.

Quarterhill Company Profile (TSE:QTRH)

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.

See Also: What is Cost of Capital?

Receive News & Ratings for Quarterhill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quarterhill and related companies with MarketBeat.com's FREE daily email newsletter.