CIBC Issues Pessimistic Forecast for Quarterhill (TSE:QTRH) Stock Price

Quarterhill (TSE:QTRH) had its price objective cut by equities researchers at CIBC from C$2.30 to C$2.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 29.03% from the company’s previous close.

Quarterhill Trading Down 1.3 %

Shares of QTRH stock traded down C$0.02 during trading hours on Tuesday, reaching C$1.55. 1,900 shares of the stock were exchanged, compared to its average volume of 63,882. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. Quarterhill has a 12-month low of C$1.46 and a 12-month high of C$2.00. The firm has a market capitalization of C$126.97 million, a price-to-earnings ratio of -4.03, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The company’s 50-day moving average price is C$1.61 and its 200-day moving average price is C$1.64.

Quarterhill Company Profile

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.