CIBC Lowers Quarterhill (TSE:QTRH) Price Target to C$2.00

Quarterhill (TSE:QTRH) had its target price reduced by CIBC from C$2.30 to C$2.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Quarterhill Price Performance

TSE:QTRH opened at C$1.47 on Tuesday. The company has a debt-to-equity ratio of 47.89, a current ratio of 1.31 and a quick ratio of 2.58. The firm has a market cap of C$120.42 million, a price-to-earnings ratio of -3.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The company has a 50 day moving average price of C$1.60 and a 200-day moving average price of C$1.63. Quarterhill has a 1-year low of C$1.46 and a 1-year high of C$2.00.

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.