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Quarterhill ( (TSE:QTRH) ) just unveiled an update.
Quarterhill Inc. has announced a workforce reduction of approximately 100 positions, representing about 15% of its total headcount, as part of a strategic initiative to reduce costs and align with long-term priorities. This move is expected to generate annualized cost savings of approximately US$12 million, helping the company accelerate its path toward sustainable positive Adjusted EBITDA and operating cash flow, while positioning itself for long-term growth and improved customer service.
The most recent analyst rating on (TSE:QTRH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Quarterhill stock, see the TSE:QTRH Stock Forecast page.
Spark’s Take on TSE:QTRH Stock
According to Spark, TipRanks’ AI Analyst, TSE:QTRH is a Neutral.
Quarterhill’s stock score reflects significant financial challenges and unattractive valuation metrics, with a slightly negative technical outlook. However, recent strategic initiatives and corporate events provide some optimism for future growth, albeit with considerable risks.
To see Spark’s full report on TSE:QTRH stock, click here.
More about Quarterhill
Quarterhill is a leading provider in the Intelligent Transportation System (ITS) industry, offering tolling, safety and enforcement, and logistics solutions. The company aims for technology-driven global leadership in ITS through organic growth and an acquisition-oriented investment strategy.
Average Trading Volume: 70,853
Technical Sentiment Signal: Sell
Current Market Cap: C$151.1M
For a thorough assessment of QTRH stock, go to TipRanks’ Stock Analysis page.