Wi-LAN (OTCMKTS:QTRHF) Stock Price Down 7.1% – Time to Sell?

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

Wi-LAN Trading Down 7.1%

The company has a market cap of $219.85 million, a price-to-earnings ratio of -4.21 and a beta of 1.15. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.05. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

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

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.