Quarterhill (TSE:QTRH) Trading Up 4.1% Following Insider Buying Activity

Quarterhill Inc. (TSE:QTRH) shot up 4.1% during trading on Thursday after an insider bought additional shares in the company. The company traded as high as C$2.05 and last traded at C$2.05. 114,661 shares changed hands during trading, a decline of 37% from the average session volume of 180,805 shares. The stock had previously closed at C$1.97.

Specifically, Director Iii Burland Bland East acquired 17,000 shares of Quarterhill stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of C$1.84 per share, with a total value of C$31,280.00. Following the transaction, the director directly owned 154,500 shares in the company, valued at approximately C$284,280. This represents a 12.36% increase in their ownership of the stock.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets lifted their price objective on Quarterhill from C$2.00 to C$2.75 and gave the company an “outperform” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$2.75.

Quarterhill Stock Up 2.0%

The company has a market capitalization of C$241.16 million, a PE ratio of -4.54, 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. The company’s 50-day moving average is C$1.45 and its 200 day moving average is C$1.13.

Quarterhill (TSE:QTRH) last issued its earnings results on Thursday, May 14th. The company reported C($0.06) earnings per share (EPS) for the quarter. The firm had revenue of C$53.68 million during the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%. As a group, analysts anticipate that Quarterhill Inc. will post 0.0200567 EPS for the current 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.