Quarterhill (OTCMKTS:QTRHF) Downgraded by Canaccord Genuity Group to Hold

Quarterhill (OTCMKTS:QTRHFGet Rating) was downgraded by research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a C$2.50 price objective on the stock, down from their previous price objective of C$2.75.

QTRHF has been the topic of several other reports. Canaccord Genuity Group cut Quarterhill from a “speculative buy” rating to a “hold” rating in a report on Thursday. CIBC lowered their price target on Quarterhill from C$4.00 to C$3.50 in a report on Tuesday, March 22nd. Finally, Raymond James lowered their price target on Quarterhill from C$3.80 to C$3.25 in a report on Tuesday, March 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $3.13.

Shares of OTCMKTS QTRHF traded up $0.03 during midday trading on Thursday, hitting $1.97. 9,000 shares of the stock traded hands, compared to its average volume of 21,035. The firm has a 50-day moving average of $1.80 and a two-hundred day moving average of $1.99. The firm has a market capitalization of $223.91 million, a P/E ratio of -12.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.63 and a current ratio of 2.87. Quarterhill has a one year low of $1.58 and a one year high of $2.34.

Quarterhill Company Profile (Get Rating)

Quarterhill Inc operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies.

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