Key Points
- Director Stephen Smith purchased 13,000 Quarterhill shares at an average price of C$3.04, investing C$39,520 and increasing his direct stake by 76.47% to 30,000 shares.
- Quarterhill reported a quarterly loss of C$0.07 per share on revenue of C$60.40 million, alongside a negative 33.64% net margin and negative 50.09% return on equity.
- ATB Cormark upgraded Quarterhill to “top pick” and raised its price target to C$5.00; the stock has a consensus “Strong Buy” rating from analysts.
Quarterhill Inc. (TSE:QTRH - Get Free Report) Director Stephen Smith purchased 13,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were bought at an average cost of C$3.04 per share, for a total transaction of C$39,520.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at C$91,200. This trade represents a 76.47% increase in their position.
Quarterhill Stock Performance
Shares of QTRH stock opened at C$3.10 on Friday. Quarterhill Inc. has a 52-week low of C$0.89 and a 52-week high of C$3.33. The company has a quick ratio of 2.58, a current ratio of 0.94 and a debt-to-equity ratio of 72.54. The stock has a market cap of C$371.94 million, a PE ratio of -7.00, a price-to-earnings-growth ratio of 0.46 and a beta of 0.09. The business has a 50-day simple moving average of C$2.41 and a 200-day simple moving average of C$1.69.
Quarterhill (TSE:QTRH - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C($0.07) EPS for the quarter. The company had revenue of C$60.40 million for the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%. On average, equities analysts expect that Quarterhill Inc. will post 0.0200567 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, ATB Cormark Capital Markets upgraded shares of Quarterhill from an "outperform" rating to a "top pick" rating and raised their price target for the company from C$4.40 to C$5.00 in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus price target of C$5.00.
Check Out Our Latest Report on QTRH
Quarterhill Company Profile
(
Get Free Report)
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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