Quarterhill (TSE:QTRH) Director Stephen Smith Purchases 13,000 Shares of Stock

Quarterhill Inc. (TSE:QTRH – Get Free Report) Director Stephen Smith acquired 13,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of C$3.04 per share, for a total transaction of C$39,520.00. Following the acquisition, the director owned 30,000 shares of the company’s stock, valued at approximately C$91,200. This represents a 76.47% increase in their ownership of the stock.

Quarterhill Stock Up 2.6%

QTRH stock opened at C$3.10 on Friday. The stock has a market capitalization of C$371.94 million, a PE ratio of -7.00, a price-to-earnings-growth ratio of 0.46 and a beta of 0.09. Quarterhill Inc. has a 52 week low of C$0.89 and a 52 week high of C$3.33. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The firm has a 50 day moving average of C$2.41 and a 200 day moving average of C$1.69.

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Quarterhill (TSE:QTRH – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. The company had revenue of C$60.40 million for the quarter. Sell-side analysts forecast that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upgraded Quarterhill from an “outperform” rating to a “top pick” rating and boosted their price target for the company from C$4.40 to C$5.00 in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$5.00.

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Quarterhill Company Profile

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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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