Quarterhill (OTCMKTS:QTRHF) Trading Down 6.2% – Here’s Why

Quarterhill Inc. (OTCMKTS:QTRHF) dropped 6.2% during trading on Friday . The company traded as low as $1.14 and last traded at $1.15. Approximately 13,527 shares were traded during trading, a decline of 54% from the average daily volume of 29,398 shares. The stock had previously closed at $1.23.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts raised Quarterhill to a “strong-buy” rating in a research note on Monday, August 12th.

Quarterhill Trading Down 6.2 %

The company has a market cap of $133.15 million, a price-to-earnings ratio of -6.79 and a beta of 0.90. The company’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.48.

Quarterhill (OTCMKTS:QTRHF) last posted its earnings results on Friday, August 9th. The company reported ($0.03) EPS for the quarter. Quarterhill had a negative return on equity of 13.27% and a negative net margin of 13.13%. The business had revenue of $41.51 million for the quarter.

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.