RE:Rebound Rockets: 4 TSX Tech Stocks to Buy Before They SoarThanks for the article. Here it is ANOTHER case for my point! ACCUMULATE NOW!
Why Quarterhill can rebound in the months ahead
Quarterhill (TSX:QTRH) is the fourth and final TSX tech stock I’d bet on to rebound in the quarters to come. This Toronto-based company operates in the intelligent transportation system and intellectual property licensing industries around the world. Its shares have plunged 35% so far in 2022.
The company released its Q2 fiscal 2022 earnings on August 11. It reported consolidated revenues of $43.8 million — up from $18.8 million in the prior year. Meanwhile, gross profit jumped to $5.84 million over $3.31 million in the second quarter of fiscal 2021. Quarterhill stock possesses a favourable P/E ratio of 13. Moreover, this TSX tech stock offers a quarterly dividend of $0.013 per share, which represents a 2.8% yield.