CIBC Lowers Quarterhill (TSE:QTRH) Price Target to C$2.00

Quarterhill (TSE:QTRH) had its target price lowered by research analysts at CIBC from C$2.30 to C$2.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 33.33% from the stock’s previous close.

Quarterhill Stock Down 2.6 %

Shares of TSE QTRH opened at C$1.50 on Tuesday. The company has a debt-to-equity ratio of 47.89, a quick ratio of 2.58 and a current ratio of 1.31. The firm has a market capitalization of C$122.88 million, a price-to-earnings ratio of -3.90, a PEG ratio of 0.46 and a beta of 0.66. The stock has a 50 day moving average price of C$1.61 and a 200 day moving average price of C$1.64. Quarterhill has a 52-week low of C$1.46 and a 52-week high of C$2.00.

Quarterhill Company Profile

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.