Quarterhill (TSE:QTRH) Shares Down 1.1% – Here’s Why

Quarterhill Inc. (TSE:QTRH) dropped 1.1% during trading on Tuesday . The stock traded as low as C$0.93 and last traded at C$0.93. Approximately 77,230 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 98,984 shares. The stock had previously closed at C$0.94.

Quarterhill Trading Down 1.1%

The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31. The stock has a market cap of C$108.89 million, a PE ratio of -5.47, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. The firm has a 50-day moving average price of C$0.97 and a 200-day moving average price of C$1.13.

Quarterhill (TSE:QTRH) last announced its earnings results on Thursday, November 6th. The company reported C($0.04) EPS for the quarter. Quarterhill had a negative return on equity of 17.95% and a negative net margin of 15.57%.The company had revenue of C$55.34 million during the quarter. As a group, equities analysts anticipate that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Quarterhill Company Profile

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. The company operates in two segments: Licensing, which includes companies that count licensing as their principal business activity; and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world.