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

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

Quarterhill Price Performance

Shares of QTRH traded up C$0.07 during trading hours on Friday, reaching C$3.09. The stock had a trading volume of 157,981 shares, compared to its average volume of 225,751. The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94. Quarterhill Inc. has a 12 month low of C$0.89 and a 12 month high of C$3.33. The stock has a market capitalization of C$370.74 million, a PE ratio of -6.97, a PEG ratio of 0.46 and a beta of 0.09. The company’s 50-day moving average is C$2.38 and its two-hundred day moving average is C$1.68.

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

Analysts Set New Price Targets

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

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.