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The latest update is out from Quarterhill ( (TSE:QTRH) ).
Quarterhill has secured a $6.4 million contract, via Coviello Electric, to expand the Massachusetts Department of Transportation’s Weigh-in-Motion program with 15 new stations and an integrated commercial vehicle compliance software platform on key interstate and state highway corridors. The project broadens Quarterhill’s role as a strategic technology partner to state transportation agencies by enhancing real-time freight data visibility, improving enforcement against non-compliant trucks, and providing long-term operations and maintenance support that underpins safer, more efficient and data-driven infrastructure planning across Massachusetts.
The most recent analyst rating on (TSE:QTRH) stock is a Hold with a C$1.00 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 score is driven by improving operational momentum from the latest earnings call (positive EBITDA, stronger operating cash flow, cost reductions, and a large backlog), balanced against still-weak underlying financial performance (ongoing losses, low margins, negative ROE). Technical indicators are neutral and valuation remains constrained by negative earnings and no stated dividend yield.
To see Spark’s full report on TSE:QTRH stock, click here.
More about Quarterhill
Quarterhill Inc. is a global leader in the intelligent transportation systems industry, providing smart infrastructure solutions that reduce congestion, improve roadway safety and support more sustainable travel. The company’s AI- and machine learning-driven platforms process billions of transactions annually, perform compliance and safety inspections on millions of commercial vehicles, and help transportation agencies worldwide optimize traffic lanes through automated, data-rich mobility management.
Average Trading Volume: 95,630
Technical Sentiment Signal: Sell
Current Market Cap: C$115.9M
See more data about QTRH stock on TipRanks’ Stock Analysis page.