Insider Buying: Quarterhill (TSE:QTRH) Director Purchases C$228,330.00 in Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East bought 129,000 shares of Quarterhill stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$1.77 per share, for a total transaction of C$228,330.00. Following the purchase, the director owned 137,500 shares of the company’s stock, valued at approximately C$243,375. This trade represents a 1,517.65% increase in their ownership of the stock.

Quarterhill Stock Down 1.1%

TSE:QTRH opened at C$1.83 on Friday. The company has a market cap of C$219.57 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of 0.46 and a beta of 0.14. Quarterhill Inc. has a twelve month low of C$0.89 and a twelve month high of C$1.94. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54. The stock has a fifty day simple moving average of C$1.38 and a 200-day simple moving average of C$1.11.

Quarterhill (TSE:QTRH) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%.The company had revenue of C$53.68 million during the quarter. Analysts anticipate that Quarterhill Inc. will post 0.0200567 EPS for the current year.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets raised their target price on shares of Quarterhill from C$2.00 to C$2.75 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Quarterhill currently has an average rating of “Buy” and an average target price of C$2.75.

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.