Quarterhill (TSE:QTRH) Director Iii Burland Bland East Buys 129,000 Shares

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East purchased 129,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of C$1.77 per share, for a total transaction of C$228,330.00. Following the purchase, the director owned 137,500 shares in the company, valued at C$243,375. This represents a 1,517.65% increase in their ownership of the stock.

Quarterhill Price Performance

Shares of QTRH stock opened at C$1.82 on Wednesday. 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 firm has a market cap of C$218.37 million, a price-to-earnings ratio of -3.87, a P/E/G ratio of 0.46 and a beta of 0.14. The stock’s fifty day simple moving average is C$1.35 and its 200 day simple moving average is C$1.09. Quarterhill Inc. has a one year low of C$0.89 and a one year high of C$1.94.

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

Analyst Ratings Changes

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 research note on Monday, April 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company 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.