Quarterhill (OTCMKTS:QTRHF) Shares Down 6.2% - Here's What Happened

Shares of Quarterhill Inc. (OTCMKTS:QTRHF - Get Free Report) traded down 6.2% during mid-day trading on Friday . The stock traded as low as $1.14 and last traded at $1.15. 13,527 shares were traded during mid-day trading, a decline of 54% from the average session volume of 29,398 shares. The stock had previously closed at $1.23.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts raised Quarterhill to a "strong-buy" rating in a research note on Monday, August 12th.

Quarterhill Stock Down 6.2 %

The company has a current ratio of 1.48, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $133.15 million, a P/E ratio of -6.79 and a beta of 0.90. The stock has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.24.

Quarterhill (OTCMKTS:QTRHF - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.03) earnings per share (EPS) for the quarter. Quarterhill had a negative net margin of 13.13% and a negative return on equity of 13.27%. The business had revenue of $41.51 million during the quarter.

About Quarterhill

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.