Wi-LAN (OTCMKTS:QTRHF) Trading 2% Higher – Here’s What Happened

Wi-LAN Inc (OTCMKTS:QTRHF) shares traded up 2% during trading on Tuesday . The stock traded as high as $0.6740 and last traded at $0.6735. 20,895 shares changed hands during trading, an increase of 92% from the average session volume of 10,861 shares. The stock had previously closed at $0.66.

Wi-LAN Stock Up 2.0%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.99. The company has a fifty day simple moving average of $0.69 and a two-hundred day simple moving average of $0.81. The firm has a market capitalization of $78.86 million, a PE ratio of -3.96 and a beta of 1.08.

Wi-LAN (OTCMKTS:QTRHF) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $39.74 million for the quarter, compared to analyst estimates of $41.82 million. Wi-LAN had a negative return on equity of 16.03% and a negative net margin of 12.64%.

Wi-LAN Company Profile

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.