Wi-LAN Inc (NASDAQ:QTRH) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.

Shares of Wi-LAN (NASDAQ QTRH) traded up 20.45% on Monday, reaching $1.59. The company had a trading volume of 1,027,840 shares. Wi-LAN has a one year low of $1.26 and a one year high of $2.20. The company has a market capitalization of $188.62 million, a PE ratio of 31.80 and a beta of 0.53. The company’s 50-day moving average is $1.44 and its 200-day moving average is $1.69.

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Wi-LAN Company Profile

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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