Quarterhill (NASDAQ:QTRH) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Quarterhill (NASDAQ:QTRH) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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. “

A number of other brokerages also recently weighed in on QTRH. TheStreet upgraded Quarterhill from a d+ rating to a c- rating in a report on Wednesday, July 31st. ValuEngine upgraded Quarterhill from a hold rating to a buy rating in a report on Friday, October 25th.

QTRH stock traded up $0.01 during trading on Tuesday, hitting $1.25. The company had a trading volume of 43,500 shares, compared to its average volume of 23,408. The business has a 50 day moving average of $1.27 and a 200 day moving average of $1.22. The company has a current ratio of 3.83, a quick ratio of 3.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $149.71 million, a price-to-earnings ratio of -5.21 and a beta of 0.60. Quarterhill has a fifty-two week low of $0.86 and a fifty-two week high of $1.45.

Quarterhill (NASDAQ:QTRH) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $25.37 million for the quarter. Quarterhill had a negative return on equity of 6.62% and a negative net margin of 11.31%. As a group, equities analysts predict that Quarterhill will post 0.11 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of QTRH. Sargent Investment Group LLC acquired a new position in shares of Quarterhill in the 2nd quarter valued at about $36,000. Bank of Montreal Can increased its holdings in shares of Quarterhill by 382.2% in the 2nd quarter. Bank of Montreal Can now owns 67,142 shares of the company’s stock valued at $72,000 after purchasing an additional 53,217 shares during the period. Royal Bank of Canada increased its holdings in shares of Quarterhill by 6.9% in the 2nd quarter. Royal Bank of Canada now owns 893,884 shares of the company’s stock valued at $965,000 after purchasing an additional 57,745 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Quarterhill by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,740,007 shares of the company’s stock valued at $1,879,000 after purchasing an additional 61,476 shares during the period. Institutional investors own 9.52% of the company’s stock.

Quarterhill Company Profile

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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