Quarterhill (TSE:QTRH) Director Acquires C$31,280.00 in Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of C$1.84 per share, with a total value of C$31,280.00. Following the completion of the purchase, the director directly owned 154,500 shares in the company, valued at C$284,280. This represents a 12.36% increase in their ownership of the stock.

Iii Burland Bland East also recently made the following trade(s):

• On Friday, May 15th, Iii Burland Bland East acquired 129,000 shares of Quarterhill stock. The stock was purchased at an average cost of C$1.77 per share, with a total value of C$228,330.00.

Quarterhill Price Performance

TSE:QTRH traded up C$0.03 during trading hours on Wednesday, reaching C$1.90. 218,591 shares of the company traded hands, compared to its average volume of 180,391. The firm’s 50-day moving average is C$1.43 and its 200-day moving average is C$1.12. The stock has a market cap of C$227.96 million, a P/E ratio of -4.29, a P/E/G ratio of 0.46 and a beta of 0.14. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58. Quarterhill Inc. has a 1-year low of C$0.89 and a 1-year high of C$1.94.

Quarterhill (TSE:QTRH) last announced its earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$53.68 million for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. Equities research 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 increased their target price on Quarterhill from C$2.00 to C$2.75 and gave the company an “outperform” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.