Quarterhill (TSE:QTRH) Stock Price Down 1.7% – Here’s What Happened

Shares of Quarterhill Inc. (TSE:QTRH) traded down 1.7% during trading on Thursday . The company traded as low as C$1.75 and last traded at C$1.76. Approximately 82,175 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 185,077 shares. The stock had previously closed at C$1.79.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upped their price target 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$2.75.

Quarterhill Trading Down 1.7%

The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The firm has a market cap of C$207.57 million, a price-to-earnings ratio of -3.90, a price-to-earnings-growth ratio of 0.46 and a beta of 0.10. The business has a 50 day moving average price of C$1.70 and a 200-day moving average price of C$1.24.

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

Insider Transactions at Quarterhill

In other news, Director Iii Burland Bland East acquired 17,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of C$1.84 per share, for a total transaction of C$31,280.00. Following the completion of the purchase, the director directly owned 154,500 shares of the company’s stock, valued at approximately C$284,280. This trade represents a 12.36% increase in their position. 1.72% of the stock is owned by company insiders.

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.