Quarterhill (TSE:QTRH) Shares Down 13.5% – Should You Sell?

Shares of Quarterhill Inc. (TSE:QTRH) traded down 13.5% during mid-day trading on Tuesday. The company traded as low as C$2.41 and last traded at C$2.43. 782,327 shares were traded during mid-day trading, an increase of 259% from the average session volume of 218,041 shares. The stock had previously closed at C$2.81.

Analysts Set New Price Targets

QTRH has been the topic of several analyst reports. Canadian Imperial Bank of Commerce dropped their target price on Quarterhill from C$4.50 to C$4.00 in a report on Wednesday, September 30th. ATB Cormark Capital Markets raised shares of Quarterhill from an “outperform” rating to a “top pick” rating and increased their price objective for the company from C$4.40 to C$5.00 in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$4.50.

Quarterhill Stock Down 2.0%

The company has a debt-to-equity ratio of 72.06, a current ratio of 1.11 and a quick ratio of 2.58. The stock has a market capitalization of C$348.39 million, a price-to-earnings ratio of -5.70, a PEG ratio of 0.46 and a beta of -0.30. The firm’s fifty day moving average is C$2.73 and its 200-day moving average is C$2.02.

Quarterhill (TSE:QTRH) last released its earnings results on Tuesday, November 10th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$61.44 million during the quarter. Quarterhill had a negative return on equity of 74.06% and a negative net margin of 38.39%. On average, sell-side analysts predict that Quarterhill Inc. will post 0.02 earnings per share for the current year.

Insider Transactions at Quarterhill

In other news, Director Stephen A. Smith bought 13,000 shares of Quarterhill stock in a transaction on Friday, August 14th. The shares were bought at an average price of C$3.04 per share, with a total value of C$39,520.00. Following the acquisition, the director directly owned 30,000 shares in the company, valued at approximately C$91,200. This represents a 76.47% increase in their position. 1.72% of the stock is owned by insiders.

Quarterhill Company Profile

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.