Quarterhill (QTRH) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Quarterhill (NASDAQ:QTRH) from a hold rating to a buy rating in a research note published on Thursday, Zacks.com reports. The firm currently has $1.25 price target on the stock.

According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “

Quarterhill stock traded up $0.03 during mid-day trading on Thursday, hitting $1.07. The company’s stock had a trading volume of 100 shares, compared to its average volume of 47,706. The firm has a market capitalization of $127.13 million, a price-to-earnings ratio of -4.50 and a beta of 0.86. Quarterhill has a 1 year low of $0.86 and a 1 year high of $1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.79 and a current ratio of 2.96.

Quarterhill (NASDAQ:QTRH) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $39.84 million during the quarter. Quarterhill had a negative return on equity of 10.95% and a negative net margin of 35.21%. Analysts forecast that Quarterhill will post -0.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.0093 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.04 annualized dividend and a yield of 3.48%. Quarterhill’s payout ratio is -16.67%.

A hedge fund recently bought a new stake in Quarterhill stock. Fairfax Financial Holdings Ltd Can purchased a new stake in Quarterhill Inc (NASDAQ:QTRH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 800,000 shares of the company’s stock, valued at approximately $779,000. Fairfax Financial Holdings Ltd Can owned approximately 0.67% of Quarterhill at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.69% of the company’s stock.

About Quarterhill

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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