Quarterhill (TSE:QTRH) Given New C$4.00 Price Target at Canadian Imperial Bank of Commerce

Quarterhill (TSE:QTRH) had its price target decreased by analysts at Canadian Imperial Bank of Commerce from C$4.50 to C$4.00 in a research note issued on Wednesday, BayStreet reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 38.41% from the stock’s current price.

Separately, ATB Cormark Capital Markets upgraded shares of Quarterhill from an “outperform” rating to a “top pick” rating and boosted their target price for the company from C$4.40 to C$5.00 in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Quarterhill has a consensus rating of “Strong Buy” and an average target price of C$4.50.

Quarterhill Stock Performance

Shares of TSE QTRH traded down C$0.08 during midday trading on Wednesday, hitting C$2.89. 224,264 shares of the stock traded hands, compared to its average volume of 225,073. The firm has a market capitalization of C$410.96 million, a P/E ratio of -6.72, a PEG ratio of 0.46 and a beta of -0.06. Quarterhill has a one year low of C$0.89 and a one year high of C$3.33. The company has a debt-to-equity ratio of 93.85, a quick ratio of 2.58 and a current ratio of 1.19. The firm has a 50-day moving average of C$2.74 and a two-hundred day moving average of C$2.08.

Quarterhill (TSE:QTRH) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.07) EPS for the quarter. Quarterhill had a negative net margin of 31.81% and a negative return on equity of 56.86%. The firm had revenue of C$60.40 million for the quarter. On average, equities analysts forecast that Quarterhill will post 0.0200567 EPS for the current fiscal year.

Insider Buying and Selling at Quarterhill

In other Quarterhill news, Director Stephen A. Smith acquired 13,000 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of C$3.04 per share, for a total transaction of C$39,520.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately C$91,200. The trade was a 76.47% increase in their ownership of the stock. 1.72% of the stock is currently owned by insiders.

Quarterhill Company Profile

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.