Quarterhill (TSE:QTRH) Price Target Raised to C$2.75 at ATB Cormark Capital Markets

Quarterhill (TSE:QTRH) had its price objective increased by ATB Cormark Capital Markets from C$2.00 to C$2.75 in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Quarterhill Price Performance

Shares of TSE QTRH opened at C$1.36 on Monday. The firm has a market capitalization of C$161.83 million, a P/E ratio of -2.89, a P/E/G ratio of 0.46 and a beta of -0.08. The company has a quick ratio of 2.58, a current ratio of 0.96 and a debt-to-equity ratio of 71.62. The stock’s 50-day simple moving average is C$1.04 and its two-hundred day simple moving average is C$1.01. Quarterhill has a twelve month low of C$0.89 and a twelve month high of C$1.66.

Quarterhill (TSE:QTRH) last announced its earnings results on Monday, March 23rd. The company reported C($0.41) earnings per share for the quarter. The business had revenue of C$50.47 million during the quarter. Quarterhill had a negative return on equity of 45.74% and a negative net margin of 37.72%. As a group, equities analysts anticipate that Quarterhill will post 0.0200567 EPS for the current fiscal year.

Quarterhill Company Profile

Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill’s platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill’s platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently.