Wi-LAN (OTCMKTS:QTRHF) Trading Up 0.4% - Still a Buy?

Key Points

• Wi-LAN Inc shares saw a 0.4% increase, trading at $0.80 with a volume that rose by 50% compared to the average session.
• Raymond James Financial has reissued an "outperform" rating for the stock, contributing to a consensus rating of "Buy" among analysts.
• The company reported a quarterly loss of ($0.06) EPS, missing estimates, but exceeded revenue expectations with $43.08 million compared to a forecast of $40.68 million.

Wi-LAN Inc (OTCMKTS:QTRHF - Get Free Report) shares were up 0.4% on Tuesday . The company traded as high as $0.80 and last traded at $0.80. Approximately 8,225 shares traded hands during trading, an increase of 50% from the average daily volume of 5,502 shares. The stock had previously closed at $0.80.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial restated an "outperform" rating on shares of Wi-LAN in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy".

Wi-LAN Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $0.94 and its 200-day simple moving average is $1.01.

Wi-LAN (OTCMKTS:QTRHF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). The company had revenue of $43.08 million during the quarter, compared to the consensus estimate of $40.68 million. Wi-LAN had a negative net margin of 12.38% and a negative return on equity of 14.68%.

About Wi-LAN

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.