Quarterhill (TSE:QTRH) Stock Price Up 3.7% - What's Next?

Quarterhill Inc. (TSE:QTRH) saw its shares rise by 3.7% during midday trading on Friday. The stock reached a peak price of C$1.66 and maintained this price by the end of the trading session. During this time, there were 122,845 shares exchanged, marking a notable increase of 52% compared to the average trading volume of 81,071 shares. In the previous session, the stock had closed at C$1.60.

Quarterhill Stock Performance

The market capitalization of Quarterhill stands at C$191.50 million. The company's price-to-earnings ratio is currently -6.92, with a price-to-earnings-growth ratio of 0.46. The stock has a beta value of 0.66, indicating lower volatility compared to the market. The debt-to-equity ratio is reported at 46.79, while the quick ratio and current ratio stand at 2.58 and 1.37, respectively. The 50-day simple moving average for Quarterhill is C$1.62, with a 200-day moving average at C$1.65.

About Quarterhill Inc.

Quarterhill Inc., along with its subsidiaries, operates primarily in the intelligent transportation systems sector, both in Canada and internationally. The company provides a range of services under its riteSuite offerings, which include all-electronic tolling, dynamic pricing, agency interoperability, as well as hosted mobility solutions powered by machine learning. Their back-office services cover account management, customer service, violation processing, and technical service operations. Additionally, Quarterhill emphasizes roadside services that involve both onsite and remote maintenance of tolling facilities, lane equipment control, and cash management systems. Their international road dynamics segment includes automated truck weigh stations, toll road systems, as well as traffic management and safety devices like red light and speed enforcement systems.

Investment Considerations

Before investing in Quarterhill, it's essential to note that, despite the current "Buy" rating from analysts, a number of leading researchers have identified five other stocks that they believe could offer better investment opportunities at this time.

For investors seeking to stay ahead in the market, it might be worthwhile to explore these recommended stocks for potentially stronger performance.

Quarterhill, Stocks, Market