Quarterhill Inc. (TSE:QTRH – Get Rating) Director Rusty Lewis bought 50,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of C$1.85 per share, for a total transaction of C$92,738.10. Following the transaction, the director now owns 143,259 shares of the company's stock, valued at approximately C$265,711.35.
Quarterhill Stock Down 3.9 %
QTRH opened at C$1.71 on Tuesday. Quarterhill Inc. has a 1-year low of C$1.70 and a 1-year high of C$2.98. The stock's fifty day simple moving average is C$1.98 and its 200 day simple moving average is C$2.10. The company has a current ratio of 3.06, a quick ratio of 2.66 and a debt-to-equity ratio of 37.27. The stock has a market cap of C$195.71 million and a PE ratio of 11.40.
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Quarterhill Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, October 7th will be paid a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, September 8th. Quarterhill's dividend payout ratio (DPR) is presently 33.33%.
Analyst Ratings Changes
QTRH has been the topic of a number of recent research reports. Raymond James lowered their target price on Quarterhill from C$3.25 to C$2.75 and set an "outperform" rating on the stock in a research report on Friday, August 12th. Cormark reduced their target price on Quarterhill from C$3.00 to C$2.40 and set a "speculative buy" rating for the company in a research note on Friday, August 12th. Finally, CIBC dropped their price target on Quarterhill from C$4.00 to C$3.50 and set an "outperform" rating on the stock in a research note on Friday, August 12th.
About Quarterhill
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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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