Somewhat Favorable News Coverage Somewhat Unlikely to Impact Quarterhill (QTRH) Stock Price
Media stories about Quarterhill (NASDAQ:QTRH) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quarterhill earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.634030072435 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
QTRH has been the topic of a number of recent analyst reports. ValuEngine raised Quarterhill from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Quarterhill from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Thursday, October 19th.
Quarterhill (NASDAQ QTRH) traded up $0.03 during trading on Friday, hitting $1.82. The stock had a trading volume of 97,310 shares, compared to its average volume of 92,853. Quarterhill has a 52 week low of $1.26 and a 52 week high of $2.20. The firm has a market capitalization of $212.34, a P/E ratio of 6.99 and a beta of 0.56.
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.
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