Quarterhill (TSE:QTRH) Sets New 12-Month Low – What’s Next?

Quarterhill Inc. (TSE:QTRH) shares reached a new 52-week low on Thursday . The stock traded as low as C$1.33 and last traded at C$1.33, with a volume of 9617 shares trading hands. The stock had previously closed at C$1.36.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their target price on shares of Quarterhill from C$2.30 to C$2.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th.

Quarterhill Price Performance

The stock has a 50-day simple moving average of C$1.54 and a 200 day simple moving average of C$1.62. The stock has a market capitalization of C$110.59 million, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31.

About Quarterhill

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.