Quarterhill (TSE:QTRH) Sets New 12-Month High – What’s Next?

Shares of Quarterhill Inc. (TSE:QTRH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.50 and last traded at C$2.40, with a volume of 3218281 shares traded. The stock had previously closed at C$2.40.

Analysts Set New Price Targets

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

Quarterhill Stock Up 10.0%

The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54. The firm has a market cap of C$316.75 million, a price-to-earnings ratio of -5.96, a PEG ratio of 0.46 and a beta of 0.10. The firm’s 50 day simple moving average is C$1.79 and its two-hundred day simple moving average is C$1.31.

Quarterhill (TSE:QTRH) last announced its earnings results 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 business had revenue of C$53.68 million for the quarter. On average, equities analysts forecast that Quarterhill Inc. will post 0.0200567 EPS for the current year.

Insider Activity

In related news, Director Iii Burland Bland East purchased 17,000 shares of Quarterhill stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of C$1.84 per share, with a total value of C$31,280.00. Following the completion of the transaction, the director directly owned 154,500 shares of the company’s stock, valued at C$284,280. This represents a 12.36% increase in their position. Company 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.