Iii Burland Bland East Purchases 129,000 Shares of Quarterhill (TSE:QTRH) Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East bought 129,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of C$1.77 per share, for a total transaction of C$228,330.00. Following the purchase, the director directly owned 137,500 shares in the company, valued at approximately C$243,375. The trade was a 1,517.65% increase in their ownership of the stock.

Quarterhill Price Performance

Shares of TSE QTRH opened at C$1.85 on Thursday. Quarterhill Inc. has a twelve month low of C$0.89 and a twelve month high of C$1.94. The stock’s 50 day moving average price is C$1.37 and its 200-day moving average price is C$1.10. The company has a market capitalization of C$221.96 million, a PE ratio of -4.18, a PEG ratio of 0.46 and a beta of 0.14. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54.

Quarterhill (TSE:QTRH) last announced its 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 business had revenue of C$53.68 million during the quarter. On average, equities analysts anticipate that Quarterhill Inc. will post 0.0200567 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets boosted their target price on Quarterhill from C$2.00 to C$2.75 and gave the stock an “outperform” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Quarterhill presently has an average rating of “Buy” and a consensus target price of C$2.75.

About Quarterhill

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.