Key Points
- Director Iii Burland Bland East bought 17,000 Quarterhill shares on May 27 at an average price of C$1.84, bringing his total stake to 154,500 shares. The purchase was valued at about C$31,280 and increased his ownership by 12.36%.
- The director had also bought 129,000 shares on May 15 at C$1.77 each, showing continued insider buying in the stock. That earlier transaction was worth C$228,330.
- Quarterhill shares were trading up 5.3% at C$1.97, near their 52-week high of C$2.00. The company recently reported a quarterly loss of C($0.06) per share, while analysts at ATB Cormark raised their price target to C$2.75 and kept an outperform rating.
Quarterhill Inc. (TSE:QTRH - Get Free Report) Director Iii Burland Bland East purchased 17,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of C$1.84 per share, with a total value of C$31,280.00. Following the transaction, the director owned 154,500 shares of the company's stock, valued at approximately C$284,280. This represents a 12.36% increase in their ownership of the stock.
Iii Burland Bland East also recently made the following trade(s):
- On Friday, May 15th, Iii Burland Bland East purchased 129,000 shares of Quarterhill stock. The stock was purchased at an average price of C$1.77 per share, with a total value of C$228,330.00.
Quarterhill Trading Up 5.3%
Shares of QTRH stock opened at C$1.97 on Thursday. Quarterhill Inc. has a fifty-two week low of C$0.89 and a fifty-two week high of C$2.00. The stock has a market cap of C$236.36 million, a P/E ratio of -4.45, a P/E/G ratio of 0.46 and a beta of 0.14. The business has a fifty day simple moving average of C$1.45 and a 200-day simple moving average of C$1.13. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54.
Quarterhill (TSE:QTRH - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) earnings per share for the quarter. Quarterhill had a negative net margin of 33.64% and a negative return on equity of 50.09%. The firm had revenue of C$53.68 million during the quarter. On average, analysts forecast that Quarterhill Inc. will post 0.0200567 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, ATB Cormark Capital Markets increased 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$2.75.
Read Our Latest Stock Analysis on Quarterhill
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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