Key Points
- Director Iii Burland Bland East bought 129,000 shares of Quarterhill at an average price of C$1.77 per share, spending about C$228,330. After the purchase, the director’s holdings rose to 137,500 shares.
- Quarterhill’s latest quarter showed a C($0.06) EPS loss on revenue of C$53.68 million. The company also reported negative profitability metrics, including a negative net margin and negative return on equity.
- Analyst sentiment remains positive, with ATB Cormark raising its target price from C$2.00 to C$2.75 and maintaining an outperform rating. MarketBeat says the stock’s consensus rating is Buy with a C$2.75 target.
Quarterhill Inc. (TSE:QTRH - Get Free Report) Director Iii Burland Bland East bought 129,000 shares of Quarterhill stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$1.77 per share, for a total transaction of C$228,330.00. Following the acquisition, the director owned 137,500 shares of the company's stock, valued at approximately C$243,375. The trade was a 1,517.65% increase in their position.
Quarterhill Price Performance
Shares of QTRH opened at C$1.82 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54. Quarterhill Inc. has a 1 year low of C$0.89 and a 1 year high of C$1.94. The stock has a market cap of C$218.37 million, a P/E ratio of -3.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.14. The stock's 50-day moving average price is C$1.35 and its two-hundred day moving average price is C$1.09.
Quarterhill (TSE:QTRH - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported C($0.06) earnings per share (EPS) for the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%.The company had revenue of C$53.68 million for the quarter. On average, equities analysts predict that Quarterhill Inc. will post 0.0200567 earnings per share for the current year.
Analyst Ratings Changes
Separately, ATB Cormark Capital Markets raised 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$2.75.
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About Quarterhill
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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.
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