Quarterhill (NASDAQ:QTRH) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Quarterhill (NASDAQ:QTRH) from a buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “

NASDAQ QTRH opened at $1.23 on Thursday. The company has a 50 day simple moving average of $1.10. Quarterhill has a 12-month low of $0.86 and a 12-month high of $1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.79 and a current ratio of 2.96.

Quarterhill (NASDAQ:QTRH) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. Quarterhill had a negative net margin of 35.21% and a negative return on equity of 10.95%. The company had revenue of $39.84 million for the quarter. Research analysts predict that Quarterhill will post -0.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a $0.0093 dividend. This represents a $0.04 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, June 13th. Quarterhill’s dividend payout ratio (DPR) is currently -16.67%.

A hedge fund recently bought a new stake in Quarterhill stock. Fairfax Financial Holdings Ltd Can purchased a new stake in Quarterhill Inc (NASDAQ:QTRH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 800,000 shares of the company’s stock, valued at approximately $779,000. Fairfax Financial Holdings Ltd Can owned 0.67% of Quarterhill as of its most recent SEC filing. Hedge funds and other institutional investors own 10.08% of the company’s stock.

About Quarterhill

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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