Quarterhill (TSE:QTRH) Hits New 1-Year Low - What's Next?

Key Points

• Quarterhill Inc. reached a new 52-week low of C$1.18, with trades falling from a previous close of C$1.20.
• The company's stock is down 1.7% and has underperformed relative to its fifty-day and 200-day simple moving averages of C$1.35 and C$1.45, respectively.
• Quarterhill specializes in the acquisition and management of companies in the intelligent transportation systems and licensing sectors.

Quarterhill Inc. (TSE:QTRH - ) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$1.18 and last traded at C$1.18, with a volume of 51331 shares traded. The stock had previously closed at C$1.20.

Quarterhill Stock Down 1.7%

The business's fifty day simple moving average is C$1.35 and its 200 day simple moving average is C$1.45. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The stock has a market cap of C$96.66 million, a price-to-earnings ratio of -3.07, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66.

About Quarterhill

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. The company operates in two segments: Licensing, which includes companies that count licensing as their principal business activity; and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets.

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