Quarterhill (TSE:QTRH) Trading 2.2% Higher - Time to Buy?

Shares of Quarterhill Inc. (TSE:QTRH - Get Free Report) were up 2.2% on Friday . The stock traded as high as C$1.40 and last traded at C$1.40. Approximately 32,729 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 64,576 shares. The stock had previously closed at C$1.37.

Wall Street Analyst Weigh In

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

Quarterhill Price Performance

The firm has a market cap of C$110.59 million, a PE ratio of -3.51, a P/E/G ratio of 0.46 and a beta of 0.66. 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 business's fifty day moving average is C$1.42 and its 200-day moving average is C$1.52.

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.