Quarterhill (TSE:QTRH) Hits New 12-Month Low – Here’s What Happened

Quarterhill Inc. (TSE:QTRH) hit a new 52-week low during trading on Friday . The stock traded as low as C$1.46 and last traded at C$1.47, with a volume of 18750 shares traded. The stock had previously closed at C$1.49.

Wall Street Analysts Forecast Growth

Separately, CIBC lowered 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 Down 1.3 %

The company has a quick ratio of 2.58, a current ratio of 1.31 and a debt-to-equity ratio of 47.89. The stock has a 50-day simple moving average of C$1.59 and a two-hundred day simple moving average of C$1.63. The firm has a market cap of C$120.42 million, a PE ratio of -3.83, a P/E/G ratio of 0.46 and a beta of 0.66.

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.