Quarterhill (TSE:QTRH) Hits New 1-Year High – Still a Buy?

Shares of Quarterhill Inc. (TSE:QTRH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.62 and last traded at C$1.62, with a volume of 310316 shares. The stock had previously closed at C$1.55.

Wall Street Analyst Weigh In

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

Quarterhill Trading Up 10.3%

The stock’s fifty day simple moving average is C$1.29 and its two-hundred day simple moving average is C$1.07. The firm has a market cap of C$205.17 million, a PE ratio of -3.64, a PEG ratio of 0.46 and a beta of 0.14. The company has a quick ratio of 2.58, a current ratio of 0.96 and a debt-to-equity ratio of 71.62.

Quarterhill (TSE:QTRH) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$53.68 million during the quarter. Quarterhill had a negative return on equity of 45.74% and a negative net margin of 37.72%. On average, sell-side analysts forecast that Quarterhill Inc. will post 0.0200567 EPS for the current fiscal year.

Quarterhill Company Profile

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.