Quarterhill Inc. (TSE:QTRH) Senior Officer Rish Malhotra Buys 20,000 Shares

Quarterhill Inc. (TSE:QTRHGet Rating) Senior Officer Rish Malhotra bought 20,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of C$1.97 per share, with a total value of C$39,400.00. Following the purchase, the insider now directly owns 42,607 shares of the company’s stock, valued at approximately C$83,935.79.

QTRH stock opened at C$1.96 on Thursday. The stock’s 50 day simple moving average is C$2.17 and its 200 day simple moving average is C$2.35. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 38.90. Quarterhill Inc. has a 12-month low of C$1.85 and a 12-month high of C$2.98. The stock has a market capitalization of C$223.34 million and a PE ratio of 5.75.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, July 8th will be issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 16th. Quarterhill’s payout ratio is currently 14.66%.

QTRH has been the topic of several recent research reports. Raymond James set a C$3.25 price target on Quarterhill and gave the stock an “outperform” rating in a research note on Friday, April 8th. CIBC increased their target price on Quarterhill from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research note on Friday, May 13th. Cormark lowered their price target on Quarterhill from C$3.60 to C$3.00 in a research report on Monday, May 16th. Finally, Canaccord Genuity Group cut their price objective on shares of Quarterhill from C$3.25 to C$2.75 in a research report on Tuesday, March 22nd.

About Quarterhill (Get Rating)

Quarterhill Inc operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies.

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