Quarterhill (TSE:QTRH) Hits New 12-Month High – What’s Next?

Quarterhill Inc. (TSE:QTRH) shares reached a new 52-week high on Thursday . The company traded as high as C$2.72 and last traded at C$2.71, with a volume of 255033 shares. The stock had previously closed at C$2.65.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets lifted their price target on Quarterhill from C$2.00 to C$2.75 and gave the company an “outperform” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$2.75.

Quarterhill Price Performance

The stock has a market capitalization of C$325.15 million, a P/E ratio of -6.12, a PEG ratio of 0.46 and a beta of 0.08. The stock’s fifty day moving average is C$2.02 and its 200-day moving average is C$1.43. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58.

Quarterhill (TSE:QTRH) last posted its earnings results on Thursday, May 14th. The company reported C($0.06) earnings per share 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$53.68 million for the quarter. On average, equities analysts anticipate that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.

Insider Buying and Selling at Quarterhill

In related news, Director Iii Burland Bland East acquired 129,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$1.77 per share, with a total value of C$228,330.00. Following the purchase, 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. Insiders own 1.72% of the company’s stock.

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.