Quarterhill (TSE:QTRH) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Quarterhill Inc. (TSE:QTRH) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.64 and traded as low as C$1.53. Quarterhill shares last traded at C$1.53, with a volume of 23,206 shares traded.

Quarterhill Price Performance

The stock has a market cap of C$125.33 million, a P/E ratio of -3.98, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The business has a 50-day simple moving average of C$1.63 and a 200 day simple moving average of C$1.64. The company has a current ratio of 1.31, a quick ratio of 2.58 and a debt-to-equity ratio of 47.89.

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.