Wi-LAN (OTCMKTS:QTRHF) Shares Up 1.6% – Still a Buy?

Wi-LAN Inc (OTCMKTS:QTRHF)’s stock price was up 1.6% during trading on Wednesday . The company traded as high as $1.14 and last traded at $1.14. Approximately 2,200 shares were traded during trading, a decline of 76% from the average daily volume of 9,201 shares. The stock had previously closed at $1.1220.

Wi-LAN Stock Performance

The firm has a market capitalization of $135.66 million, a price-to-earnings ratio of -2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.87. The firm has a 50 day moving average price of $0.91 and a 200-day moving average price of $0.77.

Wi-LAN (OTCMKTS:QTRHF) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.27). The company had revenue of $38.46 million during the quarter, compared to analyst estimates of $39.65 million. Wi-LAN had a negative net margin of 35.06% and a negative return on equity of 49.13%.

Wi-LAN Company Profile

Wi-LAN Inc, trading on the OTCMKTS as QTRHF, is a Canadian technology company specializing in licensing and monetizing intellectual property in the semiconductor and wireless communications sectors. Headquartered in Ottawa, Ontario, the company acquires, develops and licenses patents covering a range of technologies, with particular emphasis on standards-based innovations in cellular networking, Wi-Fi and Internet of Things (IoT) applications. Through patent sales and licensing agreements, Wi-LAN seeks to generate revenue from its extensive portfolio of proprietary technologies.

Originally founded in 1992, Wi-LAN has evolved its business model from technology development to intellectual property management and enforcement.