CIBC Issues Pessimistic Forecast for Quarterhill (TSE:QTRH) Stock Price

Quarterhill (TSE:QTRH - Get Free Report) had its price objective lowered by equities researchers at CIBC from C$2.30 to C$2.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's target price points to a potential upside of 32.45% from the stock's current price.

Quarterhill Price Performance

Shares of QTRH traded up C$0.04 during mid-day trading on Tuesday, hitting C$1.51. 30,334 shares of the stock were exchanged, compared to its average volume of 65,445. The company has a market cap of C$123.70 million, a PE ratio of -3.93, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. Quarterhill has a 52-week low of C$1.46 and a 52-week high of C$2.00. The firm has a 50-day moving average of C$1.60 and a two-hundred day moving average of C$1.63. The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31.

Quarterhill Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.