Quarterhill Inc. (TSE:QTRH) Senior Officer Prashant Watchmaker Sells 15,000 Shares

Quarterhill Inc. (TSE:QTRH – Get Rating) Senior Officer Prashant Watchmaker sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. Following the completion of the transaction, the insider now owns 91,151 shares of the company’s stock, valued at approximately C$191,417.10.

QTRH traded down C$0.07 during trading hours on Monday, hitting C$2.07. 111,039 shares of the company’s stock were exchanged, compared to its average volume of 186,098. Quarterhill Inc. has a 1-year low of C$2.03 and a 1-year high of C$2.98. The stock’s 50-day moving average is C$2.29 and its two-hundred day moving average is C$2.43. The stock has a market cap of C$235.88 million and a price-to-earnings ratio of -10.62. The company has a quick ratio of 2.48, a current ratio of 2.88 and a debt-to-equity ratio of 48.07.

The company also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, April 8th were given a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, March 17th. Quarterhill’s dividend payout ratio (DPR) is currently -25.64%.

Several research analysts have recently weighed in on the stock. Raymond James set a C$3.25 price target on shares of Quarterhill and gave the company an “outperform” rating in a report on Friday, April 8th. Cormark reduced their price target on shares of Quarterhill from C$3.60 to C$3.00 in a report on Monday, May 16th. CIBC upped their price target on shares of Quarterhill from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, May 13th. Finally, Canaccord Genuity Group reduced their target price on shares of Quarterhill from C$3.25 to C$2.75 in a report on Tuesday, March 22nd.

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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