Quarterhill (TSE:QTRH) Director Buys 13,000 Shares of Stock

Quarterhill Inc. (TSE:QTRH) Director Stephen Smith bought 13,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of C$3.04 per share, with a total value of C$39,520.00. Following the completion of the transaction, the director owned 30,000 shares in the company, valued at approximately C$91,200. This trade represents a 76.47% increase in their position.

Quarterhill Price Performance

Quarterhill stock traded up C$0.07 during trading hours on Friday, reaching C$3.09. 157,981 shares of the stock were exchanged, compared to its average volume of 225,751. The company has a market cap of C$370.74 million, a P/E ratio of -6.97, a price-to-earnings-growth ratio of 0.46 and a beta of 0.09. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54. Quarterhill Inc. has a twelve month low of C$0.89 and a twelve month high of C$3.33. The stock has a 50 day moving average of C$2.38 and a two-hundred day moving average of C$1.68.

Quarterhill (TSE:QTRH) last issued its earnings results on Thursday, August 13th. The company reported C($0.07) EPS for the quarter. The firm had revenue of C$60.40 million during the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. Equities analysts expect that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upgraded Quarterhill from an “outperform” rating to a “top pick” rating and lifted their price target for the company from C$4.40 to C$5.00 in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of C$5.00.

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.