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Wi-LAN (OTCMKTS:QTRHF) Shares Up 3.2% - Still a Buy?

Wi-LAN logo with Business Services background

Wi-LAN Inc (OTCMKTS:QTRHF - Get Free Report)'s stock price rose 3.2% during mid-day trading on Monday . The company traded as high as $0.97 and last traded at $0.97. Approximately 759 shares changed 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 Analysts Forecast Growth

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

Read Our Latest Report on QTRHF

Wi-LAN Trading Up 0.7%

The firm has a 50-day moving average of $0.99 and a two-hundred day moving average of $1.04. The firm has a market capitalization of $110.35 million, a P/E ratio of -6.78 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 posted its earnings results on Thursday, May 15th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). Wi-LAN had a negative return on equity of 11.55% and a negative net margin of 9.96%. The company had revenue of $33.89 million during the quarter, compared to the consensus estimate of $51.91 million.

Wi-LAN Company Profile

(Get Free Report)

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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