Wi-LAN (QTRH) Rating Lowered to Hold at Zacks Investment Research

Wi-LAN (NASDAQ:QTRH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “

Separately, ValuEngine raised shares of Wi-LAN from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.

Wi-LAN (NASDAQ:QTRH) traded down $0.01 on Tuesday, hitting $1.65. 86,800 shares of the stock traded hands, compared to its average volume of 100,037. Wi-LAN has a fifty-two week low of $1.26 and a fifty-two week high of $2.20. The company has a market cap of $196.92, a price-to-earnings ratio of 3.46 and a beta of 0.57.

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About Wi-LAN

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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