Quarterhill (TSE:QTRH) Trading 2.2% Higher - Should You Buy?

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

Wall Street Analysts Forecast Growth

Separately, CIBC reduced their price objective on shares of 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 Stock Up 2.2%

The stock has a market cap of C$114.69 million, a PE ratio of -3.64, a PEG 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 company has a 50 day moving average price of C$1.42 and a two-hundred day moving average price of 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.

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