Quest Resource (NASDAQ:QRHC - Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. The firm had revenue of $69.97 million for the quarter, compared to analysts' expectations of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%.
Quest Resource Stock Performance
NASDAQ:QRHC traded up $0.29 during mid-day trading on Friday, reaching $2.97. The company's stock had a trading volume of 225,379 shares, compared to its average volume of 66,264. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The stock has a market cap of $61.15 million, a P/E ratio of -8.03, a PEG ratio of 0.76 and a beta of 0.66. The firm's fifty day moving average price is $5.12 and its two-hundred day moving average price is $6.76. Quest Resource has a 12-month low of $2.61 and a 12-month high of $10.85.
Institutional Trading of Quest Resource
A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE boosted its stake in Quest Resource Holding Co. (NASDAQ:QRHC - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,356 shares of the business services provider's stock after purchasing an additional 4,104 shares during the period. Bank of America Corp DE owned approximately 0.07% of Quest Resource worth $100,000 at the end of the most recent quarter. 48.16% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Quest Resource from a "hold" rating to a "sell" rating in a report on Thursday.
View Our Latest Analysis on Quest Resource
About Quest Resource
(
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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.
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