Quarterhill (TSE:QTRH) Director Iii Burland Bland East Buys 17,000 Shares

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 17,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was 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 acquisition, 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.

Iii Burland Bland East also recently made the following trade(s):

• On Friday, May 15th, Iii Burland Bland East purchased 129,000 shares of Quarterhill stock. The shares were bought at an average cost of C$1.77 per share, with a total value of C$228,330.00.

Quarterhill Price Performance

Shares of TSE QTRH opened at C$1.97 on Thursday. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58. The stock has a fifty day moving average price of C$1.45 and a 200 day moving average price of C$1.13. Quarterhill Inc. has a 1-year low of C$0.89 and a 1-year high of C$2.00. The company has a market cap of C$236.36 million, a PE ratio of -4.45, a P/E/G ratio of 0.46 and a beta of 0.14.

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

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets increased their price objective on 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, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$2.75.

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.