Iii Burland Bland East Acquires 17,000 Shares of Quarterhill (TSE:QTRH) Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 17,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$1.84 per share, for a total transaction of C$31,280.00. Following the completion of the transaction, the director directly owned 154,500 shares in the company, valued at approximately C$284,280. This trade represents a 12.36% increase in their ownership of the stock.

Iii Burland Bland East also recently made the following trade(s):

• On Friday, May 15th, Iii Burland Bland East acquired 129,000 shares of Quarterhill stock. The shares were purchased at an average price of C$1.77 per share, for a total transaction of C$228,330.00.

Quarterhill Stock Up 5.6%

Shares of QTRH stock opened at C$2.08 on Friday. The company has a market capitalization of C$249.56 million, a price-to-earnings ratio of -4.69, a PEG ratio of 0.46 and a beta of 0.14. Quarterhill Inc. has a one year low of C$0.89 and a one year high of C$2.10. The company’s fifty day moving average price is C$1.47 and its 200-day moving average price is C$1.14. The company has a debt-to-equity ratio of 72.54, a current ratio of 0.94 and a quick ratio of 2.58.

Quarterhill (TSE:QTRH) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$53.68 million for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. Sell-side analysts expect that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price objective on shares of Quarterhill from C$2.00 to C$2.75 and gave the company an “outperform” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$2.75.

About Quarterhill

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.