Quarterhill (TSE:QTRH) Trading Down 1.1%

Quarterhill Inc. (TSE:QTRH) fell 1.1% on Monday . The company traded as low as C$1.72 and last traded at C$1.72. 6,768 shares were traded during trading, a decline of 88% from the average session volume of 55,700 shares. The stock had previously closed at C$1.74.

Analysts Set New Price Targets

QTRH has been the subject of a number of research analyst reports. Raymond James lifted their target price on shares of Quarterhill from C$1.80 to C$2.25 and gave the company an “outperform” rating in a research note on Monday, March 18th. CIBC lifted their target price on shares of Quarterhill from C$2.00 to C$2.50 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, Cormark lifted their target price on shares of Quarterhill from C$1.35 to C$1.75 in a research note on Monday, March 18th.

Quarterhill Stock Down 1.7 %

The business’s 50 day moving average price is C$1.80 and its 200-day moving average price is C$1.77. The company has a debt-to-equity ratio of 45.53, a current ratio of 2.93 and a quick ratio of 2.58. The company has a market cap of C$197.94 million, a P/E ratio of -4.61, a PEG ratio of 0.46 and a beta of 0.65.

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.