Quarterhill (TSE:QTRH) Shares Down 1.8% – Here’s Why

Quarterhill Inc. (TSE:QTRH) dropped 1.8% during trading on Wednesday . The company traded as low as C$1.61 and last traded at C$1.62. Approximately 129,477 shares changed hands during trading, an increase of 59% from the average daily volume of 81,387 shares. The stock had previously closed at C$1.65.

Quarterhill Stock Performance

The stock has a market cap of C$186.88 million, a P/E ratio of -6.75, a PEG ratio of 0.46 and a beta of 0.66. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.37 and a quick ratio of 2.58. The company has a fifty day moving average of C$1.69 and a 200 day moving average of C$1.69.

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.