Quarterhill (NASDAQ:QTRH) Downgraded by ValuEngine

ValuEngine lowered shares of Quarterhill (NASDAQ:QTRH) from a buy rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

Other analysts have also recently issued reports about the stock. TheStreet raised shares of Quarterhill from a d+ rating to a c- rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Quarterhill from a hold rating to a buy rating and set a $1.50 target price for the company in a research note on Thursday, August 15th.

Shares of NASDAQ QTRH traded down $0.05 during midday trading on Thursday, reaching $1.18. The stock had a trading volume of 2,016 shares, compared to its average volume of 50,080. The stock has a 50-day moving average of $1.34 and a 200-day moving average of $1.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.47 and a current ratio of 2.61. The company has a market capitalization of $146.15 million, a price-to-earnings ratio of -4.92 and a beta of 0.58. Quarterhill has a 12-month low of $0.86 and a 12-month high of $1.45.

Quarterhill (NASDAQ:QTRH) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $42.36 million during the quarter. Quarterhill had a negative return on equity of 9.83% and a negative net margin of 26.46%. As a group, analysts forecast that Quarterhill will post 0.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.009 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 3.05%. Quarterhill’s payout ratio is -16.67%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Quarterhill by 6.9% during the second quarter. Royal Bank of Canada now owns 893,884 shares of the company’s stock valued at $965,000 after acquiring an additional 57,745 shares in the last quarter. Sargent Investment Group LLC purchased a new position in Quarterhill during the second quarter valued at $36,000. Renaissance Technologies LLC grew its stake in Quarterhill by 3.7% during the second quarter. Renaissance Technologies LLC now owns 1,740,007 shares of the company’s stock valued at $1,879,000 after acquiring an additional 61,476 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Quarterhill by 382.2% during the second quarter. Bank of Montreal Can now owns 67,142 shares of the company’s stock valued at $72,000 after acquiring an additional 53,217 shares in the last quarter. 9.37% of the stock is owned by institutional investors.

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.

Recommended Story: Day Trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.