Quarterhill (TSE:QTRH) Shares Down 1.1%

Quarterhill Inc. (TSE:QTRH - Get Free Report) traded down 1.1% during trading on Monday . The stock traded as low as C$1.72 and last traded at C$1.72. 6,768 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 55,700 shares. The stock had previously closed at C$1.74.

Analyst Upgrades and Downgrades

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

Quarterhill Price Performance

The stock has a 50 day moving average of C$1.80 and a two-hundred day moving average of C$1.77. The company has a debt-to-equity ratio of 45.53, a quick ratio of 2.58 and a current ratio of 2.93. The firm has a market capitalization of C$197.94 million, a P/E ratio of -4.53, a P/E/G ratio of 0.46 and a beta of 0.65.

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.