Quarterhill Inc (NASDAQ:QTRH) has earned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. Quarterhill’s rating score has declined by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $1.91 for the company, according to Zacks. Zacks has also assigned Quarterhill an industry rank of 93 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Quarterhill from a “strong sell” rating to a “hold” rating in a report on Thursday, January 10th. Canaccord Genuity lowered shares of Quarterhill from a “speculative buy” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine lowered shares of Quarterhill from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, TheStreet lowered shares of Quarterhill from a “c-” rating to a “d” rating in a report on Friday, November 30th.
A number of institutional investors have recently added to or reduced their stakes in QTRH. Renaissance Technologies LLC grew its position in Quarterhill by 14.7% in the second quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock valued at $1,927,000 after purchasing an additional 222,831 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Quarterhill by 39.4% in the 3rd quarter. Acadian Asset Management LLC now owns 1,021,000 shares of the company’s stock valued at $1,429,000 after acquiring an additional 288,463 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Quarterhill by 4.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,551,624 shares of the company’s stock valued at $9,174,000 after acquiring an additional 298,229 shares during the period. 11.61% of the stock is owned by institutional investors and hedge funds.
QTRH traded down $0.02 during mid-day trading on Monday, hitting $0.95. The stock had a trading volume of 25,826 shares, compared to its average volume of 86,687. The firm has a market cap of $115.28 million, a PE ratio of 1.83 and a beta of 0.99. Quarterhill has a 1-year low of $0.86 and a 1-year high of $1.95.
Quarterhill (NASDAQ:QTRH) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Quarterhill had a negative return on equity of 7.97% and a negative net margin of 55.70%. The company had revenue of $19.58 million for the quarter. Research analysts forecast that Quarterhill will post -0.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 9th. Investors of record on Friday, December 14th were given a $0.01 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 4.20%. This is an increase from Quarterhill’s previous quarterly dividend of $0.01. Quarterhill’s dividend payout ratio (DPR) is 7.69%.
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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