Quarterhill (TSE:QTRH) Trading 40.1% Higher – Should You Buy?

Quarterhill Inc. (TSE:QTRH) shot up 40.1% during mid-day trading on Tuesday . The company traded as high as C$2.50 and last traded at C$2.41. 2,728,638 shares traded hands during trading, an increase of 1,266% from the average daily volume of 199,764 shares. The stock had previously closed at C$1.72.

Analysts Set New Price Targets

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

Quarterhill Stock Up 36.6%

The firm has a fifty day simple moving average of C$1.73 and a 200-day simple moving average of C$1.28. The company has a market capitalization of C$281.96 million, a P/E ratio of -5.30, a P/E/G ratio of 0.46 and a beta of 0.10. 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 released its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS 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 for the quarter. On average, equities research analysts expect that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Insider Activity

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

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.