Quarterhill (TSE:QTRH) PT Lowered to C$3.00

Quarterhill (TSE:QTRHGet Rating) had its price target reduced by analysts at Cormark from C$3.60 to C$3.00 in a research note issued on Monday, BayStreet.CA reports. Cormark’s target price indicates a potential upside of 35.75% from the company’s previous close.

QTRH has been the topic of several other research reports. Canaccord Genuity Group dropped their target price on shares of Quarterhill from C$3.25 to C$2.75 in a research report on Tuesday, March 22nd. CIBC lifted their price objective on shares of Quarterhill from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Raymond James set a C$3.25 price objective on shares of Quarterhill and gave the company an “outperform” rating in a research note on Friday, April 8th.

Shares of Quarterhill stock traded down C$0.02 on Monday, reaching C$2.21. The stock had a trading volume of 31,940 shares, compared to its average volume of 190,502. The company has a 50 day moving average price of C$2.28 and a 200 day moving average price of C$2.45. The company has a quick ratio of 2.48, a current ratio of 2.88 and a debt-to-equity ratio of 48.07. Quarterhill has a 1 year low of C$2.03 and a 1 year high of C$2.98. The stock has a market capitalization of C$251.68 million and a P/E ratio of -11.28.

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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