Quarterhill (TSE:QTRH) Reaches New 52-Week High – Time to Buy?

Quarterhill Inc. (TSE:QTRHGet Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$2.83 and last traded at C$2.80, with a volume of 260186 shares traded. The stock had previously closed at C$2.72.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets raised Quarterhill from an “outperform” rating to a “top pick” rating and raised their target price for the company from C$4.40 to C$5.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$5.00.

Read Our Latest Research Report on QTRH

Quarterhill Price Performance

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 business’s fifty day moving average is C$2.19 and its 200 day moving average is C$1.55. The firm has a market capitalization of C$334.75 million, a P/E ratio of -6.30, a P/E/G ratio of 0.46 and a beta of 0.08.

Quarterhill (TSE:QTRHGet Free Report) last released its earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$53.68 million for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. As a group, analysts forecast 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 stock was bought at an average price of C$1.77 per share, for a total transaction of C$228,330.00. Following the transaction, the director owned 137,500 shares of the company’s stock, valued at approximately C$243,375. The trade was a 1,517.65% increase in their ownership of the stock. Corporate insiders own 1.72% of the company’s stock.

Quarterhill Company Profile

(Get Free Report)

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.

Further Reading

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