Quarterhill Inc. (TSE:QTRH - Get Free Report) dropped 0.7% during trading on Friday . The stock traded as low as C$1.40 and last traded at C$1.41. Approximately 57,803 shares traded hands during trading, a decline of 14% from the average daily volume of 66,906 shares. The stock had previously closed at C$1.42.
Wall Street Analyst Weigh In
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.
Get Our Latest Analysis on QTRH
Quarterhill Stock Performance
The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31. The stock has a market cap of C$116.32 million, a P/E ratio of -3.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The firm's 50 day moving average is C$1.42 and its 200 day moving average is C$1.55.
Quarterhill Company Profile
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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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