Quarterhill (OTCMKTS:QTRHF) Shares Down 6.2% – Time to Sell?

Shares of Quarterhill Inc. (OTCMKTS:QTRHF) were down 6.2% on Friday . The company traded as low as $1.14 and last traded at $1.15. Approximately 13,527 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 29,398 shares. The stock had previously closed at $1.23.

Analysts Set New Price Targets

Separately, Cibc World Mkts upgraded shares of Quarterhill to a “strong-buy” rating in a report on Monday, August 12th.

Quarterhill Price Performance

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 $133.15 million, a price-to-earnings ratio of -6.79 and a beta of 0.90. The company has a 50 day moving average of $1.22 and a 200 day moving average of $1.24.

Quarterhill (OTCMKTS:QTRHF) last issued its earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter. Quarterhill had a negative net margin of 13.13% and a negative return on equity of 13.27%. The firm had revenue of $41.51 million during 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.