Quarterhill (QTRH) Hits New 12-Month Low at $1.00

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Quarterhill Inc (NASDAQ:QTRH)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $1.00 and last traded at $1.02, with a volume of 94179 shares traded. The stock had previously closed at $1.05.

Several research firms have commented on QTRH. TheStreet downgraded shares of Quarterhill from a “c-” rating to a “d” rating in a research report on Friday, November 30th. Zacks Investment Research downgraded shares of Quarterhill from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 14th. Canaccord Genuity reissued a “buy” rating and set a $2.00 target price on shares of Quarterhill in a research report on Friday, November 9th. Finally, ValuEngine downgraded shares of Quarterhill from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st.

The stock has a market capitalization of $120.00 million, a P/E ratio of 1.92 and a beta of 1.12.

Quarterhill (NASDAQ:QTRH) last posted its earnings results on Thursday, November 8th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The business had revenue of $19.58 million for the quarter. Quarterhill had a negative return on equity of 7.97% and a negative net margin of 55.70%. Equities research analysts forecast that Quarterhill Inc will post -0.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 14th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.00%. This is an increase from Quarterhill’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, December 13th. Quarterhill’s dividend payout ratio is presently 7.69%.

A number of institutional investors have recently bought and sold shares of QTRH. Acadian Asset Management LLC boosted its holdings in Quarterhill by 67.6% during the second quarter. Acadian Asset Management LLC now owns 732,537 shares of the company’s stock valued at $814,000 after acquiring an additional 295,400 shares during the period. Renaissance Technologies LLC boosted its holdings in Quarterhill by 14.7% during the second quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock valued at $1,927,000 after acquiring an additional 222,831 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Quarterhill by 4.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,551,624 shares of the company’s stock valued at $9,174,000 after acquiring an additional 298,229 shares during the period. 11.61% of the stock is currently owned by hedge funds and other institutional investors.

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About Quarterhill (NASDAQ:QTRH)

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.

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