Zacks Investment Research Lowers Quarterhill (NASDAQ:QTRH) to Hold

Zacks Investment Research downgraded shares of Quarterhill (NASDAQ:QTRH) from a buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “

QTRH opened at $1.23 on Thursday. The firm has a fifty day moving average of $1.10. Quarterhill has a 1-year low of $0.86 and a 1-year high of $1.55. The company has a quick ratio of 2.79, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

Quarterhill (NASDAQ:QTRH) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $39.84 million during the quarter. Quarterhill had a negative net margin of 35.21% and a negative return on equity of 10.95%. On average, equities analysts predict that Quarterhill will post -0.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.0093 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, June 13th. Quarterhill’s dividend payout ratio is currently -16.67%.

An institutional investor recently bought a new position in Quarterhill stock. Fairfax Financial Holdings Ltd Can acquired a new stake in shares of Quarterhill Inc (NASDAQ:QTRH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 800,000 shares of the company’s stock, valued at approximately $779,000. Fairfax Financial Holdings Ltd Can owned about 0.67% of Quarterhill at the end of the most recent reporting period. Institutional investors and hedge funds own 10.08% of the company’s stock.

Quarterhill Company Profile

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

Further Reading: Why do company’s buyback their stock?

Get a free copy of the Zacks research report on Quarterhill (QTRH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quarterhill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quarterhill and related companies with MarketBeat.com's FREE daily email newsletter.