Quarterhill (TSE:QTRH) Reaches New 1-Year Low – Should You Sell?

Quarterhill Inc. (TSE:QTRH) shares hit a new 52-week low on Thursday . The stock traded as low as C$1.32 and last traded at C$1.34, with a volume of 5825 shares. The stock had previously closed at C$1.34.

Analysts Set New Price Targets

Separately, CIBC cut their price objective on 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 Up 1.5 %

The firm has a market cap of C$111.41 million, a PE ratio of -3.54, a PEG ratio of 0.46 and a beta of 0.66. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The firm has a 50 day moving average price of C$1.52 and a 200-day moving average price of C$1.61.

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.