Quarterhill (TSE:QTRH) Trading Down 1.9%

Shares of Quarterhill Inc. (TSE:QTRH) were down 1.9% on Monday . The stock traded as low as C$1.50 and last traded at C$1.51. Approximately 201,535 shares were traded during trading, an increase of 231% from the average daily volume of 60,936 shares. The stock had previously closed at C$1.54.

Wall Street Analysts Forecast Growth

Separately, CIBC raised their price objective on shares of Quarterhill from C$2.50 to C$2.60 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th.

Quarterhill Stock Down 1.9 %

The firm has a 50-day moving average of C$1.67 and a two-hundred day moving average of C$1.73. The company has a quick ratio of 2.58, a current ratio of 1.37 and a debt-to-equity ratio of 46.79. The company has a market capitalization of C$174.19 million, a PE ratio of -6.29, a price-to-earnings-growth 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.