Quarterhill (TSE:QTRH) Shares Up 6.4% – Here’s Why

Quarterhill Inc. (TSE:QTRH) shot up 6.4% during trading on Friday . The company traded as high as C$1.00 and last traded at C$1.00. 156,405 shares were traded during trading, an increase of 60% from the average session volume of 97,621 shares. The stock had previously closed at C$0.94.

Quarterhill Stock Up 6.4%

The business has a fifty day moving average price of C$0.94 and a two-hundred day moving average price of C$1.03. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The company has a market cap of C$117.09 million, a price-to-earnings ratio of -5.88, a P/E/G ratio of 0.46 and a beta of 0.53.

Quarterhill Company Profile

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. The company operates in two segments: Licensing, which includes companies that count licensing as their principal business activity; and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world.