Quarterhill (OTCMKTS:QTRHF) Stock Price Down 3.3% - Should You Sell?

Shares of Quarterhill Inc. (OTCMKTS:QTRHF - Get Free Report) traded down 3.3% during mid-day trading on Thursday . The company traded as low as $1.01 and last traded at $1.04. 831 shares were traded during mid-day trading, a decline of 94% from the average session volume of 13,205 shares. The stock had previously closed at $1.08.

Analyst Upgrades and Downgrades

QTRHF has been the topic of a number of research reports. Raymond James reaffirmed an "outperform" rating on shares of Quarterhill in a report on Friday, May 16th. Cormark raised Quarterhill to a "moderate buy" rating in a research report on Thursday, March 13th.

Quarterhill Stock Performance

The company has a current ratio of 1.48, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $121.10 million, a PE ratio of -2.98 and a beta of 0.92. The firm's fifty day moving average price is $1.02 and its two-hundred day moving average price is $1.09.

Quarterhill (OTCMKTS:QTRHF - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $33.89 million for the quarter, compared to analyst estimates of $51.91 million. Quarterhill had a negative net margin of 13.13% and a negative return on equity of 13.27%.

About Quarterhill

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.

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