Iii Burland Bland East Buys 129,000 Shares of Quarterhill (TSE:QTRH) Stock

Quarterhill Inc. (TSE:QTRH) Director Iii Burland Bland East acquired 129,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$1.77 per share, for a total transaction of C$228,330.00. Following the acquisition, the director directly owned 137,500 shares of the company’s stock, valued at approximately C$243,375. This trade represents a 1,517.65% increase in their position.

Quarterhill Stock Up 2.2%

Shares of TSE QTRH traded up C$0.04 during trading on Tuesday, hitting C$1.84. 3,099,717 shares of the company traded hands, compared to its average volume of 183,660. The business’s fifty day moving average is C$1.34 and its 200 day moving average is C$1.09. Quarterhill Inc. has a fifty-two week low of C$0.89 and a fifty-two week high of C$1.94. The firm has a market capitalization of C$220.77 million, a price-to-earnings ratio of -3.91, a P/E/G ratio of 0.46 and a beta of 0.14. The company has a debt-to-equity ratio of 72.54, a quick ratio of 2.58 and a current ratio of 0.94.

Quarterhill (TSE:QTRH) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.06) earnings per share for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. The company had revenue of C$53.68 million for the quarter. Equities research analysts predict that Quarterhill Inc. will post 0.0200567 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets boosted their target price on shares of Quarterhill from C$2.00 to C$2.75 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Quarterhill presently has a consensus rating of “Buy” and an average price target of C$2.75.

About Quarterhill

Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill’s platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill’s platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently.