Quarterhill (TSE:QTRH) Trading Up 4.1% After Insider Buying Activity

Quarterhill Inc. (TSE:QTRH)’s stock price rose 4.1% during trading on Thursday after an insider bought additional shares in the company. The company traded as high as C$2.05 and last traded at C$2.05. Approximately 114,661 shares were traded during trading, a decline of 37% from the average daily volume of 180,805 shares. The stock had previously closed at C$1.97.

Specifically, Director Iii Burland Bland East bought 17,000 shares of Quarterhill stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of C$1.84 per share, with a total value of C$31,280.00. Following the completion of the purchase, the director owned 154,500 shares of the company’s stock, valued at approximately C$284,280. This represents a 12.36% increase in their ownership of the stock.

Analyst Ratings Changes

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

Quarterhill Trading Up 2.0%

The stock’s fifty day moving average price is C$1.45 and its 200 day moving average price is C$1.13. The stock has a market cap of C$241.16 million, a P/E ratio of -4.54, a PEG ratio of 0.46 and a beta of 0.14. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54.

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

About Quarterhill

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.