Quarterhill (OTCMKTS:QTRHF) Upgraded by Cormark to “Moderate Buy” Rating

Cormark upgraded shares of Quarterhill (OTCMKTS:QTRHF) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports. Cormark also issued estimates for Quarterhill’s FY2024 earnings at ($0.09) EPS, FY2025 earnings at $0.01 EPS and FY2026 earnings at $0.06 EPS.

Quarterhill Price Performance

QTRHF stock opened at $1.05 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.48. Quarterhill has a 1 year low of $1.03 and a 1 year high of $1.49. The firm has a market cap of $121.58 million, a P/E ratio of -3.00 and a beta of 0.90. The stock has a 50-day simple moving average of $1.13 and a 200-day simple moving average of $1.16.

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.