Wi-LAN (OTCMKTS:QTRHF) Shares Down 1% – Time to Sell?

Wi-LAN Inc (OTCMKTS:QTRHF) shares were down 1% during trading on Wednesday . The company traded as low as $1.01 and last traded at $1.01. Approximately 1,300 shares changed hands during trading, a decline of 89% from the average daily volume of 11,449 shares. The stock had previously closed at $1.02.

Wi-LAN Price Performance

The stock’s 50-day moving average price is $0.81 and its 200 day moving average price is $0.74. The firm has a market cap of $120.19 million, a price-to-earnings ratio of -2.20 and a beta of 0.91. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Wi-LAN (OTCMKTS:QTRHF) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.27). The company had revenue of $38.46 million for the quarter, compared to analyst estimates of $39.65 million. Wi-LAN had a negative net margin of 35.06% and a negative return on equity of 45.40%.

About Wi-LAN

Wi-LAN Inc, trading on the OTCMKTS as QTRHF, is a Canadian technology company specializing in licensing and monetizing intellectual property in the semiconductor and wireless communications sectors. Headquartered in Ottawa, Ontario, the company acquires, develops and licenses patents covering a range of technologies, with particular emphasis on standards-based innovations in cellular networking, Wi-Fi and Internet of Things (IoT) applications. Through patent sales and licensing agreements, Wi-LAN seeks to generate revenue from its extensive portfolio of proprietary technologies.

Originally founded in 1992, Wi-LAN has evolved its business model from technology development to intellectual property management and enforcement.