Quest Resource (NASDAQ:QRHC) Downgraded to Sell Rating by StockNews.com

Quest Resource (NASDAQ:QRHC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

Quest Resource Trading Down 5.4 %

Shares of Quest Resource stock traded down $0.16 during midday trading on Thursday, reaching $2.81. The company had a trading volume of 192,145 shares, compared to its average volume of 66,003. The firm has a market cap of $57.85 million, a PE ratio of -7.59, a P/E/G ratio of 0.76 and a beta of 0.66. Quest Resource has a fifty-two week low of $2.61 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a fifty day moving average price of $5.05 and a 200 day moving average price of $6.71.

Quest Resource (NASDAQ:QRHC - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts anticipate that Quest Resource will post 0.09 earnings per share for the current year.

Remove Ads

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QRHC. Needham Investment Management LLC grew its holdings in Quest Resource by 16.0% during the fourth quarter. Needham Investment Management LLC now owns 406,023 shares of the business services provider's stock worth $2,639,000 after buying an additional 56,023 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Quest Resource by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 356,781 shares of the business services provider's stock valued at $2,319,000 after purchasing an additional 4,111 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Quest Resource by 25.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider's stock worth $1,724,000 after buying an additional 54,282 shares during the period. Truist Financial Corp bought a new position in shares of Quest Resource in the fourth quarter worth $1,605,000. Finally, State Street Corp grew its holdings in Quest Resource by 2.5% during the 3rd quarter. State Street Corp now owns 175,345 shares of the business services provider's stock valued at $1,399,000 after buying an additional 4,235 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company's stock.

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.