Quarterhill (TSE:QTRH) Hits New 1-Year High – What’s Next?

Quarterhill Inc. (TSE:QTRH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.72 and last traded at C$2.71, with a volume of 255033 shares traded. The stock had previously closed at C$2.65.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price objective on shares of 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 research 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 Trading Up 1.9%

The company has a market cap of C$323.95 million, a price-to-earnings ratio of -6.09, a P/E/G ratio of 0.46 and a beta of 0.08. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54. The firm’s 50-day moving average price is C$1.97 and its 200 day moving average price is C$1.41.

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

Insider Activity

In related news, Director Iii Burland Bland East acquired 129,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$1.77 per share, with a total value of C$228,330.00. Following the transaction, the director directly owned 137,500 shares of the company’s stock, valued at C$243,375. This trade represents a 1,517.65% increase in their ownership of the stock. 1.72% of the stock is owned by company 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.