Wi-LAN (OTCMKTS:QTRHF) Trading Up 3.2% - Here's Why

Wi-LAN Inc (OTCMKTS:QTRHF - Get Free Report) shares were up 3.2% during trading on Monday . The stock traded as high as $0.97 and last traded at $0.97. Approximately 759 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 4,150 shares. The stock had previously closed at $0.94.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reaffirmed an "outperform" rating on shares of Wi-LAN in a report on Friday, May 16th.

Wi-LAN Stock Performance

The company's fifty day moving average is $1.00 and its 200 day moving average is $1.04. The company has a market capitalization of $112.75 million, a P/E ratio of -6.93 and a beta of 0.86. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.16.

Wi-LAN (OTCMKTS:QTRHF - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $33.89 million during the quarter, compared to the consensus estimate of $51.91 million. Wi-LAN had a negative return on equity of 11.55% and a negative net margin of 9.96%.

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.

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