Cormark Brokers Decrease Earnings Estimates for Wi-LAN Inc (QTRH)
Wi-LAN Inc (NASDAQ:QTRH) – Equities research analysts at Cormark lowered their FY2018 earnings estimates for shares of Wi-LAN in a report issued on Tuesday. Cormark analyst R. Peters now anticipates that the company will earn ($0.02) per share for the year, down from their previous estimate of $0.21.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Wi-LAN from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research report on Thursday, October 19th. ValuEngine raised shares of Wi-LAN from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd.
Wi-LAN (NASDAQ:QTRH) traded down $0.08 during midday trading on Thursday, hitting $1.73. 393,800 shares of the stock were exchanged, compared to its average volume of 91,388. Wi-LAN has a twelve month low of $1.26 and a twelve month high of $2.20. The company has a current ratio of 2.59, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $214.71, a PE ratio of 3.77 and a beta of 0.62.
Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.
Receive News & Ratings for Wi-LAN Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wi-LAN Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.