Quarterhill - QTRH Stock Forecast, Price & News

Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies. The company's Intelligent Systems segment provides international road dynamics products and services, such as red light and speed enforcement systems, automated truck weigh stations; toll road systems and equipment; traffic management and safety systems; VectorSense, a tire sensor suite; Vehicle Information-In-Motion, a traffic intelligence system; integrated traffic control systems; permanent and portable slow speed weigh-in-motion systems; portable wheel load scales; traffic data collection products; vehicle and axle detection equipment; and automated vehicle identification services and equipment, and other hardware and software products and offerings for the intelligent transportation systems industry. This segment serves through direct salespeople, distributors, agents, contractors, and systems integrators. The company was formerly known as Wi-LAN Inc. and changed its name to Quarterhill Inc. in June 2017. Quarterhill Inc. was incorporated in 1992 and is headquartered in Toronto, Canada.

Quarterhill Price Performance

Shares of TSE:QTRH opened at C$1.97 on Friday. The stock has a market cap of C$224.48 million and a PE ratio of 6.79. Quarterhill has a 52 week low of C$1.72 and a 52 week high of C$2.98. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 38.90. The company's fifty day moving average is C$2.03 and its 200 day moving average is C$2.19.

Quarterhill Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, July 8th were issued a dividend of $0.0125 per share. The ex-dividend date was Thursday, June 16th. This represents a $0.05 dividend on an annualized basis and a yield of 2.54%. Quarterhill's dividend payout ratio is currently 17.24%.

Wall Street Analyst Weigh In

QTRH has been the topic of several recent research reports. Raymond James dropped their price target on Quarterhill from C$3.25 to C$2.75 and set an "outperform" rating on the stock in a research note on Friday. CIBC lowered their price objective on shares of Quarterhill from C$4.00 to C$3.50 and set an "outperform" rating for the company in a research report on Friday. Finally, Cormark decreased their target price on shares of Quarterhill from C$3.00 to C$2.40 and set a "speculative buy" rating on the stock in a research note on Friday.

Insiders Place Their Bets

In other Quarterhill news, Senior Officer Rish Malhotra purchased 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of C$1.97 per share, with a total value of C$39,400.00. Following the completion of the purchase, the insider now directly owns 42,607 shares in the company, valued at C$83,935.79. In related news, Senior Officer Rish Malhotra bought 20,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average cost of C$1.97 per share, for a total transaction of C$39,400.00. Following the purchase, the insider now directly owns 42,607 shares of the company's stock, valued at C$83,935.79. Also, Senior Officer Prashant Watchmaker sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of C$2.10, for a total transaction of C$31,500.00. Following the transaction, the insider now directly owns 91,151 shares of the company's stock, valued at C$191,417.10.