Quarterhill (OTCMKTS:QTRHF) Shares Down 2.8%

Quarterhill Inc. (OTCMKTS:QTRHF)’s share price was down 2.8% during mid-day trading on Wednesday . The stock traded as low as $1.14 and last traded at $1.14. Approximately 21,700 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 15,898 shares. The stock had previously closed at $1.18.

Analysts Set New Price Targets

Separately, Cibc World Mkts raised Quarterhill to a “strong-buy” rating in a research note on Monday, August 12th.

Quarterhill Price Performance

The stock has a 50 day moving average price of $1.23 and a two-hundred day moving average price of $1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.48. The company has a market capitalization of $129.11 million, a PE ratio of -3.20 and a beta of 0.88.

Quarterhill (OTCMKTS:QTRHF) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter. Quarterhill had a negative return on equity of 13.27% and a negative net margin of 13.13%. The firm had revenue of $41.51 million for the quarter.

Quarterhill Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.