It Seems Quarterhill Inc. (QTRH) Will Go Down. Formed A Few Months Bearish Wedge Down Chart Pattern

June 16, 2018 - By Marguerite Chambers

The stock of Quarterhill Inc. (QTRH) formed a down wedge with $1.17 target or 5.00 % below today’s $1.23 share price. The 5 months wedge indicates high risk for the $146.79 million company. If the $1.17 price target is reached, the company will be worth $7.34 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.65% or $0.02 during the last trading session, reaching $1.23. About 150,721 shares traded or 44.49% up from the average. Quarterhill Inc. (NASDAQ:QTRH) has declined 8.51% since June 16, 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 EPS, down 150.00 % or $0.06 from last year’s $0.04 per share. After $-0.04 actual EPS 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: Streetinsider.com which released: “Quarterhill Inc. (QTRH) Reports Acquisition of Patents from Panasonic by Wi-Lan Inc. Subsidiary, Security Video …” on May 29, 2018. Also Streetinsider.com published the news titled: “Quarterhill (QTRH) Reports License Agreement with RPX” on June 06, 2018. Prnewswire.com‘s news article titled: “WiLAN Subsidiary Enters into License Agreement with RPX” with publication date: June 06, 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 $146.79 million. The Company’s Technology segment licenses patent technologies to approximately 355 companies. It has a 14.3 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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