Is Quarterhill Inc. (QTRH)’s Fuel Running Low? The Stock Reaches 1 Year Low Today

July 13, 2018 - By Robert Reynolds

The stock of Quarterhill Inc. (NASDAQ:QTRH) hit a new 52-week low and has $1.01 target or 4.00 % below today’s $1.05 share price. The 9 months bearish chart indicates high risk for the $125.87 million company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $1.01 price target is reached, the company will be worth $5.03M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.94% or $0.01 during the last trading session, reaching $1.05. About 69,714 shares traded. Quarterhill Inc. (NASDAQ:QTRH) has declined 8.51% since July 13, 2017 and is downtrending. It has underperformed by 21.08% the S&P500.

Analysts await Quarterhill Inc. (NASDAQ:QTRH) to report earnings on August, 9. They expect $-0.02 earnings per share, down 150.00 % or $0.06 from last year’s $0.04 per share. After $-0.04 actual earnings per share reported by Quarterhill Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

More recent Quarterhill Inc. (NASDAQ:QTRH) news were published by: Prnewswire.com which released: “WiLAN Subsidiary Enters into License Agreement with Brother” on June 29, 2018. Also Prnewswire.com published the news titled: “James (Jim) Skippen to Retire from Quarterhill Management” on June 14, 2018. Prnewswire.com‘s news article titled: “WiLAN Subsidiary Enters into License Agreement with Etron” with publication date: July 07, 2018 was also an interesting one.

Quarterhill Inc. focuses on acquisition and management of technology companies that provides services and products worldwide. The company has market cap of $125.87 million. The Company’s Technology segment licenses patent technologies to approximately 355 companies. It has a 12.21 P/E ratio. The Company’s 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.

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