Wi-LAN (OTCMKTS:QTRHF) Shares Down 1.4% – Here’s What Happened

Wi-LAN Inc (OTCMKTS:QTRHF) shares dropped 1.4% during mid-day trading on Thursday. The stock traded as low as $2.03 and last traded at $2.03. 532 shares traded hands during trading, a decline of 98% from the average daily volume of 28,912 shares. The stock had previously closed at $2.0580.

Wi-LAN Stock Down 1.4%

The business has a 50-day moving average price of $2.01 and a 200 day moving average price of $1.56. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $289.30 million, a P/E ratio of -4.83 and a beta of 1.14.

About Wi-LAN

Wi-LAN is a Canadian intellectual property licensing company focused on identifying, developing and commercializing technology rights. The company generates revenue by licensing patented innovations to businesses that use the underlying technologies in their products and services.

Wi-LAN’s licensing activities have historically covered wireless communications, broadband networking, digital video, consumer electronics and other technology sectors. Its work generally includes patent portfolio management, technology analysis, licensing negotiations and, when necessary, enforcement of intellectual property rights.

Wi-LAN was founded in 1992 and became a subsidiary of Canadian technology and investment company Quarterhill Inc in 2017.