Quarterhill (TSE:QTRH) Reaches New 12-Month Low – Here’s What Happened

Quarterhill Inc. (TSE:QTRH)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.42 and last traded at C$1.45, with a volume of 17551 shares trading hands. The stock had previously closed at C$1.44.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their target price on shares of Quarterhill from C$2.30 to C$2.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th.

Quarterhill Stock Down 4.9 %

The stock has a market capitalization of C$110.59 million, a price-to-earnings ratio of -3.51, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The company has a quick ratio of 2.58, a current ratio of 1.31 and a debt-to-equity ratio of 47.89. The business’s 50-day moving average is C$1.57 and its two-hundred day moving average is C$1.63.

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.