Insider Buying: Quarterhill (TSE:QTRH) Director Buys 129,000 Shares of Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 129,000 shares of Quarterhill stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of C$1.77 per share, with a total value of C$228,330.00. Following the completion of the transaction, the director directly owned 137,500 shares in the company, valued at C$243,375. This represents a 1,517.65% increase in their position.

Quarterhill Stock Up 2.2%

QTRH stock traded up C$0.04 during trading on Tuesday, reaching C$1.84. The stock had a trading volume of 3,099,717 shares, compared to its average volume of 183,660. Quarterhill Inc. has a one year low of C$0.89 and a one year high of C$1.94. 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 company’s 50 day moving average is C$1.34 and its two-hundred day moving average is C$1.09. The company has a market capitalization of C$220.77 million, a price-to-earnings ratio of -3.91, a P/E/G ratio of 0.46 and a beta of 0.14.

Quarterhill (TSE:QTRH) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) earnings per share (EPS) for the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%.The firm had revenue of C$53.68 million during the quarter. Equities research analysts forecast that Quarterhill Inc. will post 0.0200567 EPS for the current year.

Analysts Set New Price Targets

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

About Quarterhill

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.