Stephen Smith Buys 13,000 Shares of Quarterhill (TSE:QTRH) Stock

Quarterhill Inc. (TSE:QTRH) Director Stephen Smith bought 13,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of C$3.04 per share, with a total value of C$39,520.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at C$91,200. This represents a 76.47% increase in their position.

Quarterhill Trading Up 2.6%

Shares of QTRH opened at C$3.10 on Friday. The company’s fifty day moving average is C$2.41 and its 200 day moving average is C$1.69. Quarterhill Inc. has a fifty-two week low of C$0.89 and a fifty-two week high of C$3.33. The stock has a market capitalization of C$371.94 million, a PE ratio of -7.00, a P/E/G ratio of 0.46 and a beta of 0.09. The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94.

Quarterhill (TSE:QTRH) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.07) EPS for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. The business had revenue of C$60.40 million for the quarter. Sell-side analysts expect that Quarterhill Inc. will post 0.0200567 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets upgraded Quarterhill from an “outperform” rating to a “top pick” rating and lifted their price target for the stock from C$4.40 to C$5.00 in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Quarterhill has an average rating of “Strong Buy” and a consensus price target of C$5.00.

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.