Quarterhill (TSE:QTRH) Sets New 52-Week Low – Should You Sell?

Quarterhill Inc. (TSE:QTRH) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.42 and last traded at C$1.45, with a volume of 17551 shares. The stock had previously closed at C$1.44.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their target price on Quarterhill from C$2.30 to C$2.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th.

Quarterhill Trading Down 1.4 %

The stock has a market cap of C$116.32 million, a P/E ratio of -3.70, a P/E/G ratio of 0.46 and a beta of 0.66. The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31. The stock’s fifty day moving average is C$1.58 and its 200 day moving average is C$1.63.

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.