Quest Resource (NASDAQ:QRHC) Upgraded to "Hold" at StockNews.com

Quest Resource (NASDAQ:QRHC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Tuesday.

QRHC has been the topic of several other reports. Northland Capmk upgraded Quest Resource to a "strong-buy" rating in a report on Tuesday, September 17th. Northland Securities started coverage on Quest Resource in a report on Tuesday, September 17th. They issued an "outperform" rating and a $12.50 price objective for the company. Finally, Craig Hallum cut their target price on Quest Resource from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, August 9th.

Quest Resource Stock Performance

QRHC traded down $0.09 during trading hours on Tuesday, reaching $6.71. The company's stock had a trading volume of 45,835 shares, compared to its average volume of 57,270. The company's 50-day moving average is $8.12 and its 200-day moving average is $8.57. Quest Resource has a 52 week low of $6.01 and a 52 week high of $10.85. The firm has a market cap of $138.16 million, a PE ratio of -18.38, a price-to-earnings-growth ratio of 5.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52.

Hedge Funds Weigh In On Quest Resource

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Quest Resource by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider's stock valued at $2,815,000 after purchasing an additional 3,731 shares during the period. Needham Investment Management LLC bought a new position in Quest Resource during the third quarter valued at about $2,793,000. State Street Corp increased its holdings in Quest Resource by 2.5% during the third quarter. State Street Corp now owns 175,345 shares of the business services provider's stock worth $1,399,000 after buying an additional 4,235 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Quest Resource by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider's stock worth $1,484,000 after acquiring an additional 7,945 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Quest Resource in the second quarter valued at about $406,000. Institutional investors and hedge funds own 48.16% of the company's stock.

Quest Resource Company Profile

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.