Quarterhill Inc. (OTCMKTS:QTRHF – Get Rating) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 94,400 shares, a decline of 19.2% from the August 15th total of 116,900 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 5.3 days.
Quarterhill Price Performance
OTCMKTS QTRHF traded down $0.04 on Friday, reaching $1.36. The company's stock had a trading volume of 1,600 shares, compared to its average volume of 20,418. The firm has a market cap of $155.91 million, a PE ratio of 12.36 and a beta of 0.68. The business has a 50-day moving average price of $1.54 and a 200 day moving average price of $1.64. Quarterhill has a 52 week low of $1.33 and a 52 week high of $2.34. The company has a current ratio of 3.06, a quick ratio of 2.77 and a debt-to-equity ratio of 0.35.
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Quarterhill (OTCMKTS:QTRHF – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $34.38 million during the quarter. Quarterhill had a net margin of 7.22% and a return on equity of 9.23%.
Quarterhill Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.0098 per share. This represents a yield of 2.8%. This is a boost from Quarterhill's previous dividend of $0.01. The ex-dividend date is Thursday, September 8th. Quarterhill's dividend payout ratio is currently 36.37%.
Wall Street Analyst Weigh In
Separately, Raymond James cut their price objective on shares of Quarterhill from C$3.25 to C$2.75 in a research report on Friday, August 12th.
About Quarterhill
(Get Rating)
Quarterhill Inc operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies.
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