Quarterhill (TSE:QTRH) Trading Down 1.1%

Quarterhill Inc. (TSE:QTRH)’s share price was down 1.1% on Monday . The company traded as low as C$1.72 and last traded at C$1.72. Approximately 6,768 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 55,700 shares. The stock had previously closed at C$1.74.

Wall Street Analyst Weigh In

A number of analysts have weighed in on QTRH shares. Cormark raised their target price on shares of Quarterhill from C$1.35 to C$1.75 in a research report on Monday, March 18th. Raymond James raised their price target on shares of Quarterhill from C$1.80 to C$2.25 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, CIBC raised their price target on shares of Quarterhill from C$2.00 to C$2.50 and gave the company an “outperform” rating in a research note on Monday, March 18th.

Quarterhill Price Performance

The company’s 50 day moving average price is C$1.80 and its 200-day moving average price is C$1.77. The stock has a market cap of C$197.94 million, a P/E ratio of -4.61, a P/E/G ratio of 0.46 and a beta of 0.65. The company has a quick ratio of 2.58, a current ratio of 2.93 and a debt-to-equity ratio of 45.53.

Quarterhill Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.