Shares of Quarterhill Inc. (OTCMKTS:QTRHF - Get Free Report) dropped 3.3% during trading on Thursday . The company traded as low as $1.01 and last traded at $1.04. Approximately 831 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 13,205 shares. The stock had previously closed at $1.08.
Analyst Ratings Changes
A number of research analysts have issued reports on QTRHF shares. Cormark raised shares of Quarterhill to a "moderate buy" rating in a research report on Thursday, March 13th. Raymond James reaffirmed an "outperform" rating on shares of Quarterhill in a research report on Friday, May 16th.
Read Our Latest Report on Quarterhill
Quarterhill Stock Down 1.1%
The company's fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.09. The company has a quick ratio of 1.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $119.82 million, a PE ratio of -2.95 and a beta of 0.92.
Quarterhill (OTCMKTS:QTRHF - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Quarterhill had a negative return on equity of 13.27% and a negative net margin of 13.13%. The firm had revenue of $33.89 million during the quarter, compared to the consensus estimate of $51.91 million.
About Quarterhill
(
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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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