Quarterhill (OTCMKTS:QTRHF) Trading Up 7.4% – Here’s What Happened

Quarterhill Inc. (OTCMKTS:QTRHF) shares rose 7.4% during trading on Wednesday . The company traded as high as $1.16 and last traded at $1.16. Approximately 11,600 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 11,144 shares. The stock had previously closed at $1.08.

Quarterhill Stock Performance

The company’s fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.48. The stock has a market capitalization of $134.31 million, a P/E ratio of -3.31 and a beta of 0.91.

Quarterhill (OTCMKTS:QTRHF) last announced its earnings results on Friday, November 8th. The company reported ($0.04) earnings per share for the quarter. Quarterhill had a negative return on equity of 13.27% and a negative net margin of 13.13%. The firm had revenue of $38.02 million for the quarter.

Quarterhill Company Profile

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.