Quarterhill (TSE:QTRH) Shares Up 13.9% - Here's Why

Key Points

• Quarterhill Inc. stock price surged by 13.9% on Wednesday, reaching C$1.23 after closing at C$1.08, with trading volume increasing by 234% compared to the average session.
• The company, with a market capitalization of C$143.74 million, focuses on the acquisition and management of businesses in the intelligent transportation systems and innovation industries.
• Quarterhill has financial metrics showing a current ratio of 1.31 and a debt-to-equity ratio of 47.89, indicating its liquidity and leverage position.

Shares of Quarterhill Inc. (TSE:QTRH - Get Free Report) shot up 13.9% during mid-day trading on Wednesday . The company traded as high as C$1.24 and last traded at C$1.23. 276,284 shares were traded during mid-day trading, an increase of 234% from the average session volume of 82,606 shares. The stock had previously closed at C$1.08.

Quarterhill Price Performance

The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The firm has a market cap of C$142.57 million, a PE ratio of -7.18, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The stock has a 50 day simple moving average of C$1.27 and a 200-day simple moving average of C$1.39.

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.