Quarterhill (OTCMKTS:QTRHF) Trading Down 3.8% – Here’s Why

Quarterhill Inc. (OTCMKTS:QTRHFGet Free Report)’s share price dropped 3.8% during trading on Monday . The company traded as low as $1.14 and last traded at $1.15. Approximately 5,351 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 27,927 shares. The stock had previously closed at $1.19.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on QTRHF

Quarterhill Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.31. The business has a 50 day moving average of $1.21 and a 200 day moving average of $1.23. The firm has a market capitalization of $133.63 million, a price-to-earnings ratio of -5.78 and a beta of 0.90.

Quarterhill Company Profile

(Get Free Report)

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.

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