Quarterhill (TSE:QTRH) Reaches New 52-Week High – Time to Buy?

Quarterhill Inc. (TSE:QTRH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.15 and last traded at C$3.17, with a volume of 304861 shares. The stock had previously closed at C$3.03.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised shares of Quarterhill from an “outperform” rating to a “top pick” rating and boosted their price objective for the company from C$4.40 to C$5.00 in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$5.00.

Quarterhill Stock Up 0.9%

The firm has a market capitalization of C$383.94 million, a price-to-earnings ratio of -7.22, a price-to-earnings-growth ratio of 0.46 and a beta of 0.09. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58. The business has a fifty day moving average price of C$2.30 and a two-hundred day moving average price of C$1.62.

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

Insider Buying and Selling

In other Quarterhill news, Director Iii Burland Bland East acquired 17,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$1.84 per share, for a total transaction of C$31,280.00. Following the completion of the purchase, the director directly owned 154,500 shares of the company’s stock, valued at C$284,280. The trade was a 12.36% increase in their ownership of the stock. Insiders own 1.72% of the company’s stock.

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.