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

StockNews.com lowered shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a sell rating in a research report released on Monday.

A number of other research analysts have also issued reports on the stock. Northland Securities began coverage on shares of Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price objective for the company. Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Craig Hallum reduced their price objective on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Quest Resource Price Performance

Quest Resource stock opened at $7.27 on Monday. The stock has a 50-day moving average price of $8.29 and a two-hundred day moving average price of $8.69. Quest Resource has a 12 month low of $6.01 and a 12 month high of $10.85. The company has a market capitalization of $148.16 million, a PE ratio of -19.65, a P/E/G ratio of 1.74 and a beta of 0.66. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.08.

Insider Buying and Selling

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.84% of the stock is owned by insiders.

Institutional Trading of Quest Resource

A number of institutional investors have recently bought and sold shares of QRHC. Ashton Thomas Private Wealth LLC acquired a new position in Quest Resource during the second quarter worth $34,000. Rhumbline Advisers bought a new stake in shares of Quest Resource during the second quarter worth about $145,000. GSA Capital Partners LLP bought a new stake in shares of Quest Resource during the third quarter worth about $148,000. Russell Investments Group Ltd. raised its holdings in shares of Quest Resource by 453.5% in the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after acquiring an additional 15,115 shares during the last quarter. Finally, Privium Fund Management B.V. boosted its stake 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 valued at $168,000 after purchasing an additional 7,950 shares during the last quarter. Institutional investors 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.