Quest Resource Holding Co. (NASDAQ:QRHC) Director S. Ray Hatch Buys 5,000 Shares

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) Director S. Ray Hatch acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $2.85 per share, for a total transaction of $14,250.00. Following the acquisition, the director now directly owns 50,774 shares of the company's stock, valued at $144,705.90. This trade represents a 10.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Quest Resource Trading Down 3.2 %

Quest Resource stock traded down $0.10 during trading on Friday, hitting $2.85. The company's stock had a trading volume of 69,429 shares, compared to its average volume of 68,573. The stock's fifty day moving average is $4.87 and its 200 day moving average is $6.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. Quest Resource Holding Co. has a 1-year low of $2.61 and a 1-year high of $10.85. The stock has a market capitalization of $58.62 million, a price-to-earnings ratio of -7.69, a P/E/G ratio of 0.76 and a beta of 0.66.

Quest Resource (NASDAQ:QRHC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $69.97 million for the quarter, compared to analyst estimates of $73.63 million. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. As a group, equities research analysts predict that Quest Resource Holding Co. will post 0.09 EPS for the current year.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on QRHC. Northland Securities set a $6.50 price target on Quest Resource in a research note on Thursday, March 13th. StockNews.com downgraded Quest Resource from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th.

Institutional Trading of Quest Resource

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in Quest Resource by 53.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider's stock valued at $53,000 after purchasing an additional 2,830 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Quest Resource during the 4th quarter valued at approximately $68,000. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Quest Resource during the fourth quarter worth approximately $72,000. BNP Paribas Financial Markets increased its stake in shares of Quest Resource by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider's stock worth $80,000 after buying an additional 3,850 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Quest Resource by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider's stock worth $82,000 after buying an additional 5,795 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

About Quest Resource

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.