Quarterhill (TSE:QTRH) Reaches New 1-Year High – Time to Buy?

Quarterhill Inc. (TSE:QTRH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.50 and last traded at C$2.40, with a volume of 3218281 shares trading hands. The stock had previously closed at C$2.40.

Analysts Set New Price Targets

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

Quarterhill Price Performance

The stock has a fifty day moving average price of C$1.75 and a 200-day moving average price of C$1.29. The firm has a market cap of C$287.95 million, a PE ratio of -5.42, a PEG ratio of 0.46 and a beta of 0.10. The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94.

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

Insiders Place Their Bets

In related news, Director Iii Burland Bland East purchased 17,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of C$1.84 per share, for a total transaction of C$31,280.00. Following the acquisition, the director owned 154,500 shares in the company, valued at approximately C$284,280. This trade represents a 12.36% increase in their ownership of the stock. Company insiders own 1.72% of the company’s stock.

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.