Media coverage about Wi-LAN (NASDAQ:QTRH) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wi-LAN earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.82950123473 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Wi-LAN (QTRH) opened at 1.35 on Tuesday. The company has a 50 day moving average of $1.44 and a 200-day moving average of $1.69. Wi-LAN has a 52-week low of $1.26 and a 52-week high of $2.20. The stock has a market capitalization of $160.15 million, a P/E ratio of 28.12 and a beta of 0.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. This is a boost from Wi-LAN’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, September 14th. Wi-LAN’s payout ratio is presently 80.02%.
Separately, TheStreet downgraded shares of Wi-LAN from a “c” rating to a “d+” rating in a research report on Tuesday, May 30th.
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Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.
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