Quarterhill (TSE:QTRH) Reaches New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

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

Quarterhill Stock Performance

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 has a 50 day moving average price of C$1.58 and a two-hundred day moving average price of C$1.63. The stock has a market cap of C$116.32 million, a P/E ratio of -3.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66.

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.