CIBC Issues Pessimistic Forecast for Quarterhill (TSE:QTRH) Stock Price

Quarterhill (TSE:QTRH) had its price objective reduced by equities research analysts at CIBC from C$2.30 to C$2.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 33.33% from the company’s current price.

Quarterhill Stock Performance

Shares of QTRH opened at C$1.50 on Tuesday. The firm has a market cap of C$122.88 million, a PE ratio of -3.90, a P/E/G ratio of 0.46 and a beta of 0.66. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The stock has a fifty day moving average price of C$1.61 and a 200-day moving average price of C$1.64. Quarterhill has a 12 month low of C$1.46 and a 12 month high of C$2.00.

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.