Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report)'s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.41 and traded as low as $8.08. Quest Resource shares last traded at $8.20, with a volume of 29,807 shares.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Craig Hallum cut their price target on shares of Quest Resource from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Northland Capmk upgraded shares of Quest Resource to a "strong-buy" rating in a report on Tuesday, September 17th. StockNews.com upgraded shares of Quest Resource from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Finally, Northland Securities assumed coverage on shares of Quest Resource in a report on Tuesday, September 17th. They issued an "outperform" rating and a $12.50 price target on the stock.
Get Our Latest Analysis on Quest Resource
Quest Resource Stock Performance
The stock has a fifty day moving average of $8.42 and a 200 day moving average of $8.79. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $167.12 million, a PE ratio of -26.45, a PEG ratio of 2.02 and a beta of 0.65.
Quest Resource (NASDAQ:QRHC - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.06). Quest Resource had a positive return on equity of 5.61% and a negative net margin of 2.29%. The company had revenue of $73.15 million during the quarter, compared to the consensus estimate of $76.50 million. As a group, sell-side analysts predict that Quest Resource Holding Co. will post 0.28 earnings per share for the current fiscal year.
Insider Activity
In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total value of $180,744.00. Following the completion of the sale, the chief operating officer now owns 8,511 shares of the company's stock, valued at approximately $68,088. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.84% of the company's stock.
Institutional Trading of Quest Resource
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in Quest Resource during the second quarter worth $34,000. Rhumbline Advisers acquired a new position in Quest Resource during the 2nd quarter worth about $145,000. Russell Investments Group Ltd. increased its holdings in Quest Resource by 453.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider's stock worth $158,000 after purchasing an additional 15,115 shares during the period. Privium Fund Management B.V. increased its holdings in Quest Resource by 72.6% during the 2nd quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider's stock worth $168,000 after purchasing an additional 7,950 shares during the period. Finally, Evernest Financial Advisors LLC purchased a new stake in Quest Resource during the 3rd quarter worth about $260,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
About Quest Resource
(
Get Free Report)
Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.
Featured Stories
Before you consider Quest Resource, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quest Resource wasn't on the list.
While Quest Resource currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
