Quarterhill (QTRH) Downgraded by TheStreet

Quarterhill (NASDAQ:QTRH) was downgraded by TheStreet from a “c-” rating to a “d” rating in a note issued to investors on Friday.

QTRH has been the topic of a number of other reports. ValuEngine downgraded shares of Quarterhill from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Canaccord Genuity reiterated a “buy” rating and issued a $2.00 target price on shares of Quarterhill in a report on Friday, November 9th. Finally, Zacks Investment Research downgraded shares of Quarterhill from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 14th.

QTRH stock opened at $1.07 on Friday. Quarterhill has a 52 week low of $1.01 and a 52 week high of $1.98. The stock has a market cap of $123.57 million, a price-to-earnings ratio of 2.06 and a beta of 1.13.

Quarterhill (NASDAQ:QTRH) last released its earnings results 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 business had revenue of $19.58 million during the quarter. On average, sell-side analysts anticipate that Quarterhill will post -0.25 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 worth $9,174,000 after purchasing an additional 298,229 shares in the last quarter. Acadian Asset Management LLC raised its holdings 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 worth $1,429,000 after purchasing an additional 288,463 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Quarterhill by 14.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,736,331 shares of the company’s stock worth $1,927,000 after purchasing an additional 222,831 shares in the last quarter. Institutional investors and hedge funds own 11.61% of the company’s stock.

Quarterhill Company Profile

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.

Further Reading: Why is Cost of Capital Important?

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