Quarterhill (TSE:QTRH) Sets New 12-Month High – Should You Buy?

Quarterhill Inc. (TSE:QTRH) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$2.83 and last traded at C$2.80, with a volume of 260186 shares traded. The stock had previously closed at C$2.72.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets raised Quarterhill from an “outperform” rating to a “top pick” rating and increased their price objective for the company from C$4.40 to C$5.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Quarterhill currently has a consensus rating of “Strong Buy” and an average price target of C$5.00.

Quarterhill Trading Up 3.3%

The company has a fifty day moving average of C$2.17 and a two-hundred day moving average of C$1.54. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The stock has a market capitalization of C$337.15 million, a price-to-earnings ratio of -6.34, a P/E/G ratio of 0.46 and a beta of 0.08.

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

Insider Activity

In other news, Director Iii Burland Bland East purchased 129,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$1.77 per share, with a total value of C$228,330.00. Following the completion of the acquisition, the director directly owned 137,500 shares of the company’s stock, valued at approximately C$243,375. This trade represents a 1,517.65% increase in their position. 1.72% of the stock is currently owned by company 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.