Quarterhill (TSE:QTRH) Stock Price Up 3.7% - What's Next?

Quarterhill Inc. (TSE:QTRH) saw its shares increase by 3.7% during mid-day trading on Friday. The stock reached a high of C$1.66 and ended the day at the same price. During this trading session, 122,845 shares exchanged hands, showing a 52% rise compared to the average trading volume of 81,071 shares. Prior to this, the stock closed at C$1.60.

Quarterhill Stock Performance

The company currently has a market capitalization of C$191.50 million. It has a price-to-earnings ratio of -6.92 and a price-to-earnings-growth ratio of 0.46, with a beta value of 0.66. Quarterhill's debt-to-equity ratio stands at 46.79, while its quick ratio is 2.58 and current ratio at 1.37. The stock's 50-day simple moving average is C$1.62, and its 200-day average is C$1.65.

About Quarterhill Inc.

Quarterhill Inc. operates in the intelligent transportation systems sector in Canada and other international markets. The company provides various mobility solutions through its product suite, riteSuite. This includes services such as all-electronic tolling, dynamic pricing, and agency interoperability, hosted mobility solutions, as well as machine learning capabilities. Additionally, Quarterhill offers back-office solutions encompassing account management, customer service, violation processing, and technical services. Their roadside solutions feature onsite and remote maintenance services, aiding tolling facility support, lane equipment control, and cash management. The company also provides international road dynamics products, including automated truck weigh stations, toll road systems, and traffic safety systems.

Investment Considerations

Before considering an investment in Quarterhill, potential investors should weigh their options. MarketBeat tracks top-performing research analysts and their recommendations. Currently, while Quarterhill holds a "Buy" rating among analysts, it is worth noting that several analysts may prefer other investment opportunities over this stock.

Quarterhill, Stocks, Investing