Quarterhill (TSE:QTRH) Stock Price Down 1.4% – Time to Sell?

Quarterhill Inc. (TSE:QTRH) dropped 1.4% during mid-day trading on Friday . The company traded as low as C$1.37 and last traded at C$1.37. Approximately 18,543 shares changed hands during trading, a decline of 71% from the average daily volume of 64,577 shares. The stock had previously closed at C$1.39.

Analysts Set New Price Targets

Separately, CIBC dropped their price objective on shares of Quarterhill from C$2.30 to C$2.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th.

Quarterhill Trading Down 1.4%

The company has a debt-to-equity ratio of 47.89, a current ratio of 1.31 and a quick ratio of 2.58. The company’s fifty day moving average is C$1.42 and its 200-day moving average is C$1.50. The stock has a market cap of C$112.23 million, a PE ratio of -3.57, a PEG ratio of 0.46 and a beta of 0.66.

Quarterhill Company Profile

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. The company operates in two segments: Licensing, which includes companies that count licensing as their principal business activity; and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets.