Stocks

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

Published February 2, 2025

Shares of Quarterhill Inc. (TSE:QTRH) experienced a notable increase of 3.7% during mid-day trading on Friday. The stock reached a high of C$1.66 before closing at the same price. During this midday trading session, a total of 122,845 shares changed hands, which marks a 52% rise compared to the average trading volume of 81,071 shares in a typical session. The stock had previously closed at C$1.60, indicating a solid uptick in its value.

Quarterhill Stock Up 3.7%

Quarterhill Inc. has a market capitalization of C$191.50 million. The company reports a price-to-earnings (P/E) ratio of -6.92 and a price-to-earnings-growth (PEG) ratio of 0.46, with a beta value of 0.66, suggesting it is less volatile compared to the overall market. The debt-to-equity ratio stands at 46.79, illustrating a manageable level of debt relative to its equity. Additionally, the company shows a quick ratio of 2.58 and a current ratio of 1.37, indicating it has sufficient liquidity to cover its short-term liabilities. Furthermore, the 50-day and 200-day simple moving averages are recorded at C$1.62 and C$1.65, respectively.

Quarterhill Company Profile

Quarterhill Inc., along with its subsidiaries, operates within the intelligent transportation systems sector, catering to markets both in Canada and internationally. The company provides a range of innovative mobility solutions through its riteSuite product line, which includes all-electronic tolling, dynamic pricing, and agency interoperability solutions. Their offerings extend to back-office solutions for account management and customer service, roadside solutions for maintenance and operational support, and products aimed at enhancing road dynamics. These products include automated truck weigh stations, toll road systems, and traffic management systems, which are crucial for enhancing safety and efficiency on the roads.

Considerations for Investors

Before deciding to invest in Quarterhill, it’s important to conduct thorough research. Currently, the stock has received a "Buy" rating from some analysts; however, several top-rated analysts are recommending alternative stocks they believe present better investment opportunities. Thus, investors are advised to review other options before making a significant investment in Quarterhill.

This summary is intended to provide a snapshot of Quarterhill's recent stock performance and overall financial health.

Quarterhill, Stock, Investment