Quarterhill (TSE:QTRH) Price Target Cut to C$2.00 by Analysts at CIBC

Quarterhill (TSE:QTRH) had its price target lowered by CIBC from C$2.30 to C$2.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Quarterhill Stock Performance

Shares of QTRH stock opened at C$1.54 on Tuesday. The stock has a fifty day moving average price of C$1.61 and a 200 day moving average price of C$1.64. The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31. The stock has a market cap of C$126.15 million, a PE ratio of -4.01, a P/E/G ratio of 0.46 and a beta of 0.66. Quarterhill has a 1 year low of C$1.46 and a 1 year high of C$2.00.

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.