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

Quarterhill (OTCMKTS:QTRHFGet Rating) was downgraded by stock analysts at Canaccord Genuity Group from a “speculative buy” rating to a “hold” rating in a research note issued to investors on Thursday, Briefing.com reports.

QTRHF has been the topic of several other research reports. Raymond James decreased their price target on shares of Quarterhill from C$3.80 to C$3.25 in a report on Tuesday, March 22nd. CIBC cut their target price on shares of Quarterhill from C$4.00 to C$3.50 in a research report on Tuesday, March 22nd. Finally, Canaccord Genuity Group cut their target price on shares of Quarterhill from C$3.25 to C$2.75 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $3.19.

Quarterhill stock opened at $1.97 on Thursday. The stock has a market cap of $223.91 million, a P/E ratio of -12.28 and a beta of 0.51. Quarterhill has a fifty-two week low of $1.58 and a fifty-two week high of $2.34. The firm’s fifty day moving average price is $1.80 and its 200-day moving average price is $1.99. 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 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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