Quarterhill (TSE:QTRH) Shares Down 4.2% – Here’s Why

Quarterhill Inc. (TSE:QTRH) fell 4.2% on Friday . The stock traded as low as C$1.60 and last traded at C$1.60. 91,220 shares changed hands during trading, a decline of 19% from the average session volume of 112,864 shares. The stock had previously closed at C$1.67.

Quarterhill Stock Down 4.2 %

The firm’s 50-day moving average price is C$1.63 and its two-hundred day moving average price is C$1.67. The company has a debt-to-equity ratio of 46.79, a quick ratio of 2.58 and a current ratio of 1.37. The firm has a market cap of C$184.58 million, a PE ratio of -6.67, a P/E/G ratio of 0.46 and a beta of 0.66.

About Quarterhill

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.