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

Quarterhill (TSE:QTRH) had its price target decreased by CIBC from C$2.30 to C$2.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Quarterhill Stock Performance

QTRH opened at C$1.47 on Tuesday. Quarterhill has a 12-month low of C$1.46 and a 12-month high of C$2.00. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89. The firm has a market capitalization of C$120.42 million, a PE ratio of -3.83, a P/E/G ratio of 0.46 and a beta of 0.66. The firm has a 50 day moving average of C$1.60 and a two-hundred day moving average of C$1.63.

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.