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Quarterhill ( (TSE:QTRH) ) has issued an update.
Quarterhill announced the successful transition of approximately one million TxTag user accounts to the Harris County Toll Road Authority’s (HCTRA) back office system, powered by Quarterhill’s advanced RiteHorizon™ technology. This transition is expected to enhance operational efficiency and provide a unified customer service experience for drivers in the Austin and Houston regions, marking a significant step towards streamlined and efficient transportation solutions.
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.
The overall stock score is driven primarily by significant financial challenges, including declining revenues and profitability, which weigh heavily on the company’s outlook. While recent corporate events and guidance indicate potential for future growth, the current financial and valuation metrics reflect a high level of risk.
To see Spark’s full report on TSE:QTRH stock, click here.
More about Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions within the Intelligent Transportation System (ITS) industry. The company aims for technology-driven global leadership in ITS through organic growth and an acquisition-oriented investment strategy, focusing on tolling, enforcement, and adjacent markets.
Average Trading Volume: 68,967
Technical Sentiment Signal: Sell
Current Market Cap: C$159.3M
For a thorough assessment of QTRH stock, go to TipRanks’ Stock Analysis page.