Quarterhill (TSE:QTRH) Trading Up 2.1% – Here’s Why

Quarterhill Inc. (TSE:QTRH)’s share price shot up 2.1% on Thursday . The company traded as high as C$1.49 and last traded at C$1.48. 33,400 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 57,743 shares. The stock had previously closed at C$1.45.

Analyst Ratings Changes

Separately, CIBC decreased their target price on shares of Quarterhill from C$2.30 to C$2.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th.

Quarterhill Stock Up 2.1 %

The stock has a market capitalization of C$121.24 million, a P/E ratio of -3.85, a P/E/G ratio of 0.46 and a beta of 0.66. The company has a debt-to-equity ratio of 47.89, a current ratio of 1.31 and a quick ratio of 2.58. The firm has a 50-day simple moving average of C$1.44 and a 200 day simple moving average of C$1.57.

About Quarterhill

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. The company operates in two segments: Licensing, which includes companies that count licensing as their principal business activity; and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets.