Quarterhill (TSE:QTRH) Trading Up 0.5%

Shares of Quarterhill Inc. (TSE:QTRH - Get Free Report) were up 0.5% during trading on Monday . The stock traded as high as C$1.84 and last traded at C$1.83. Approximately 33,535 shares were traded during trading, a decline of 43% from the average daily volume of 59,051 shares. The stock had previously closed at C$1.82.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on QTRH shares. CIBC upped their price target on shares of Quarterhill from C$2.00 to C$2.50 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Cormark upped their price target on shares of Quarterhill from C$1.35 to C$1.75 in a research report on Monday, March 18th. Finally, Raymond James boosted their price objective on shares of Quarterhill from C$1.80 to C$2.25 and gave the stock an "outperform" rating in a research note on Monday, March 18th.

Quarterhill Trading Up 0.5 %

The company has a market capitalization of C$210.60 million, a PE ratio of -4.82, a P/E/G ratio of 0.46 and a beta of 0.63. The firm's 50 day simple moving average is C$1.82 and its 200-day simple moving average is C$1.74. The company has a quick ratio of 2.58, a current ratio of 2.93 and a debt-to-equity ratio of 45.53.

Quarterhill Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.