Quarterhill Inc. (TSE:QTRH – Get Free Report)’s stock price rose 6.2% during trading on Wednesday after ATB Cormark Capital Markets upgraded the stock from an outperform rating to a top pick rating. ATB Cormark Capital Markets now has a C$5.00 price target on the stock, up from their previous price target of C$4.40. Quarterhill traded as high as C$2.55 and last traded at C$2.55. 107,870 shares changed hands during trading, a decline of 51% from the average daily volume of 218,526 shares. The stock had previously closed at C$2.40.
Insider Buying and Selling
In other news, Director Iii Burland Bland East acquired 17,000 shares of Quarterhill stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of C$1.84 per share, for a total transaction of C$31,280.00. Following the completion of the transaction, the director directly owned 154,500 shares in the company, valued at approximately C$284,280. This trade represents a 12.36% increase in their ownership of the stock. 1.72% of the stock is currently owned by insiders.
Quarterhill Stock Up 6.2%
The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94. The firm has a market capitalization of C$305.95 million, a price-to-earnings ratio of -5.76, a PEG ratio of 0.46 and a beta of 0.08. The firm has a fifty day moving average price of C$2.14 and a 200 day moving average price of C$1.51.
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.
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