Quarterhill (TSE:QTRH) Reaches New 52-Week High – What’s Next?

Quarterhill Inc. (TSE:QTRH)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$1.62 and last traded at C$1.62, with a volume of 310316 shares traded. The stock had previously closed at C$1.55.

Analysts Set New Price Targets

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

Quarterhill Trading Up 3.4%

The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The firm has a market cap of C$215.97 million, a price-to-earnings ratio of -3.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.14. The business has a 50 day moving average price of C$1.32 and a 200-day moving average price of C$1.08.

Quarterhill (TSE:QTRH) last posted its earnings results 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 company had revenue of C$53.68 million during the quarter. As a group, research analysts expect that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

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.