Quarterhill (TSE:QTRH) Trading Down 1.3% - Here's Why

Key Points

• Shares down 1.3% — Quarterhill traded as low as C$1.53 (last C$1.53) on Monday with 141,969 shares changing hands, slightly above its average volume.
• Analyst upgrade and target — ATB Cormark raised its price objective from C$2.00 to C$2.75 and gave an "outperform" rating; MarketBeat shows a consensus "Buy" and a consensus price target of C$2.75.
• Company remains unprofitable — Quarterhill reported C($0.41) EPS for the quarter, has a negative ROE (-45.74%) and net margin (-37.72%), a market cap of C$183.57M and a high debt-to-equity ratio (71.62), signaling ongoing profitability and leverage concerns.

Shares of Quarterhill Inc. (TSE:QTRH - Get Free Report) traded down 1.3% during trading on Monday . The company traded as low as C$1.53 and last traded at C$1.53. 141,969 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 139,688 shares. The stock had previously closed at C$1.55.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets boosted their price objective on shares of Quarterhill from C$2.00 to C$2.75 and gave the stock an "outperform" rating in a research note on Monday, April 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Quarterhill has a consensus rating of "Buy" and a consensus price target of C$2.75.

Quarterhill Stock Performance

The company has a debt-to-equity ratio of 71.62, a current ratio of 0.96 and a quick ratio of 2.58. The stock has a 50-day moving average price of C$1.19 and a 200-day moving average price of C$1.04. The company has a market capitalization of C$183.57 million, a price-to-earnings ratio of -3.26, a PEG ratio of 0.46 and a beta of -0.08.

Quarterhill (TSE:QTRH - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported C($0.41) earnings per share for the quarter. Quarterhill had a negative return on equity of 45.74% and a negative net margin of 37.72%.The business had revenue of C$50.47 million for the quarter. As a group, analysts forecast that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.

About Quarterhill

Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently.

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