Quarterhill (TSE:QTRH) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Quarterhill (TSE:QTRH) from an outperform rating to a top pick rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has C$5.00 target price on the stock, up from their prior target price of C$4.40.

Quarterhill Trading Up 2.6%

Quarterhill stock opened at C$2.79 on Wednesday. Quarterhill has a 12-month low of C$0.89 and a 12-month high of C$2.84. The firm has a market capitalization of C$334.75 million, a price-to-earnings ratio of -6.30, a P/E/G ratio of 0.46 and a beta of 0.08. The firm has a 50 day moving average of C$2.19 and a 200 day moving average of C$1.55. The company has a current ratio of 0.94, a quick ratio of 2.58 and a debt-to-equity ratio of 72.54.

Quarterhill (TSE:QTRH) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$53.68 million during the quarter. Quarterhill had a negative return on equity of 50.09% and a negative net margin of 33.64%. As a group, research analysts predict that Quarterhill will post 0.0200567 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Iii Burland Bland East acquired 129,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$1.77 per share, with a total value of C$228,330.00. Following the completion of the purchase, the director directly owned 137,500 shares of the company’s stock, valued at C$243,375. This represents a 1,517.65% increase in their ownership of the stock. Corporate insiders own 1.72% of the company’s stock.

About Quarterhill

Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill’s platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill’s platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently.