Zacks Investment Research Lowers Quarterhill (QTRH) to Sell

Quarterhill (NASDAQ:QTRH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “

Separately, ValuEngine upgraded Quarterhill from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd.

Quarterhill (NASDAQ QTRH) opened at $1.82 on Wednesday. Quarterhill has a 12 month low of $1.26 and a 12 month high of $2.20. The company has a market capitalization of $223.02, a PE ratio of 7.00 and a beta of 0.59.

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About Quarterhill

Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.

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