Shares of Quarterhill Inc (NASDAQ:QTRH) traded up 5.4% during mid-day trading on Monday . The stock traded as high as $1.43 and last traded at $1.37, 40,004 shares changed hands during trading. A decline of 8% from the average session volume of 43,551 shares. The stock had previously closed at $1.30.

Several equities analysts have recently issued reports on the stock. TheStreet raised shares of Quarterhill from a “d+” rating to a “c-” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Quarterhill from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Thursday, August 15th.

The company’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.12. The stock has a market cap of $171.92 million, a P/E ratio of -5.96 and a beta of 0.74. The company has a quick ratio of 2.47, a current ratio of 2.61 and a debt-to-equity ratio of 0.02.

Quarterhill (NASDAQ:QTRH) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $42.36 million for the quarter. Quarterhill had a negative net margin of 26.46% and a negative return on equity of 9.83%. Equities research analysts anticipate that Quarterhill Inc will post 0.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.009 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 12th. Quarterhill’s payout ratio is currently -16.67%.

Several hedge funds have recently added to or reduced their stakes in QTRH. Sargent Investment Group LLC acquired a new stake in shares of Quarterhill during the second quarter worth $36,000. Bank of Montreal Can increased its position in shares of Quarterhill by 382.2% during the second quarter. Bank of Montreal Can now owns 67,142 shares of the company’s stock worth $72,000 after buying an additional 53,217 shares during the period. Royal Bank of Canada increased its position in shares of Quarterhill by 6.9% during the second quarter. Royal Bank of Canada now owns 893,884 shares of the company’s stock worth $965,000 after buying an additional 57,745 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Quarterhill by 3.7% during the second quarter. Renaissance Technologies LLC now owns 1,740,007 shares of the company’s stock worth $1,879,000 after buying an additional 61,476 shares during the period. 9.32% of the stock is owned by hedge funds and other institutional investors.

About Quarterhill (NASDAQ:QTRH)

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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