Quarterhill (TSE:QTRH) Trading Up 2.1% - Still a Buy?

Shares of Quarterhill Inc. (TSE:QTRH - Get Free Report) traded up 2.1% on Thursday . The company traded as high as C$1.49 and last traded at C$1.48. 33,400 shares were traded during trading, a decline of 42% from the average session volume of 57,743 shares. The stock had previously closed at C$1.45.

Wall Street Analysts Forecast Growth

Separately, CIBC lowered their price objective on Quarterhill from C$2.30 to C$2.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th.

Quarterhill Price Performance

The company has a debt-to-equity ratio of 47.89, a current ratio of 1.31 and a quick ratio of 2.58. The stock has a 50 day moving average price of C$1.44 and a two-hundred day moving average price of C$1.56. The firm has a market capitalization of C$131.89 million, a price-to-earnings ratio of -4.19, a PEG 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.