Wi-LAN (OTCMKTS:QTRHF) Shares Down 1.4% – Here’s Why

Shares of Wi-LAN Inc (OTCMKTS:QTRHF) dropped 1.4% on Thursday. The stock traded as low as $2.03 and last traded at $2.03. 532 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 28,912 shares. The stock had previously closed at $2.0580.

Wi-LAN Stock Performance

The firm has a market capitalization of $289.30 million, a PE ratio of -4.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.09 and a current ratio of 1.19. The business’s fifty day simple moving average is $2.01 and its 200-day simple moving average is $1.56.

Wi-LAN Company Profile

Wi-LAN is a Canadian intellectual property licensing company focused on identifying, developing and commercializing technology rights. The company generates revenue by licensing patented innovations to businesses that use the underlying technologies in their products and services.

Wi-LAN’s licensing activities have historically covered wireless communications, broadband networking, digital video, consumer electronics and other technology sectors. Its work generally includes patent portfolio management, technology analysis, licensing negotiations and, when necessary, enforcement of intellectual property rights.

Wi-LAN was founded in 1992 and became a subsidiary of Canadian technology and investment company Quarterhill Inc in 2017.