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.
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.
Featured Story: What causes a stock to be most active?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quarterhill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quarterhill and related companies with MarketBeat.com's FREE daily email newsletter.