Quarterhill (TSE:QTRH) Director Buys C$39,520.00 in Stock

Quarterhill Inc. (TSE:QTRH) Director Stephen Smith acquired 13,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of C$3.04 per share, with a total value of C$39,520.00. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately C$91,200. This represents a 76.47% increase in their ownership of the stock.

Quarterhill Stock Performance

TSE:QTRH opened at C$3.10 on Monday. The stock’s 50 day simple moving average is C$2.41 and its two-hundred day simple moving average is C$1.70. Quarterhill Inc. has a 1 year low of C$0.89 and a 1 year high of C$3.33. The company has a debt-to-equity ratio of 93.85, a current ratio of 1.19 and a quick ratio of 2.58. The company has a market cap of C$371.94 million, a price-to-earnings ratio of -7.00, a PEG ratio of 0.46 and a beta of 0.09.

Quarterhill (TSE:QTRH) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.07) earnings per share for the quarter. Quarterhill had a negative return on equity of 56.86% and a negative net margin of 31.81%.The business had revenue of C$60.40 million during the quarter. As a group, equities analysts anticipate that Quarterhill Inc. will post 0.0200567 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upgraded Quarterhill from an “outperform” rating to a “top pick” rating and lifted their target price for the stock from C$4.40 to C$5.00 in a report on Wednesday, July 29th. One 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 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.