Insider Buying: Quarterhill (TSE:QTRH) Director Acquires 17,000 Shares of Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East purchased 17,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$1.84 per share, for a total transaction of C$31,280.00. Following the purchase, the director owned 154,500 shares in the company, valued at approximately C$284,280. The trade was a 12.36% increase in their ownership of the stock.

Iii Burland Bland East also recently made the following trade(s):

• On Friday, May 15th, Iii Burland Bland East acquired 129,000 shares of Quarterhill stock. The stock was purchased at an average price of C$1.77 per share, for a total transaction of C$228,330.00.

Quarterhill Trading Up 1.6%

Shares of QTRH stock traded up C$0.03 on Wednesday, hitting C$1.90. The stock had a trading volume of 218,591 shares, compared to its average volume of 180,391. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58. The firm has a market capitalization of C$227.96 million, a P/E ratio of -4.29, a P/E/G ratio of 0.46 and a beta of 0.14. Quarterhill Inc. has a 1 year low of C$0.89 and a 1 year high of C$1.94. The company’s 50 day moving average price is C$1.43 and its 200-day moving average price is C$1.12.

Quarterhill (TSE:QTRH) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) 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 firm had revenue of C$53.68 million during the quarter. Analysts anticipate that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.

Analyst Ratings Changes

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

About Quarterhill

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.