Quest Resource (QRHC) Downgraded to “Strong Sell” at ValuEngine
Quest Resource (NASDAQ:QRHC) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
Separately, HC Wainwright set a $5.00 price objective on Quest Resource and gave the company a “buy” rating in a research note on Wednesday, November 15th.
Quest Resource (QRHC) traded up $0.01 during trading on Friday, hitting $2.01. The stock had a trading volume of 83,720 shares, compared to its average volume of 510,412. Quest Resource has a fifty-two week low of $1.03 and a fifty-two week high of $3.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.
In other Quest Resource news, Director Mitchell A. Saltz sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $1.93, for a total transaction of $289,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 50.15% of the company’s stock.
A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC increased its position in Quest Resource Holding Corporation. (NASDAQ:QRHC) by 27.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,151 shares of the business services provider’s stock after acquiring an additional 17,700 shares during the period. Renaissance Technologies LLC owned approximately 0.54% of Quest Resource worth $195,000 as of its most recent SEC filing. 10.83% of the stock is owned by institutional investors.
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About Quest Resource
Quest Resource Holding Corporation (QRHC) provides businesses with one-stop management programs to reuse, recycle and dispose of a range of waste streams and recyclables generated by their businesses and operate social media and online data platforms that contain information and instructions to recycle or properly dispose of household products and materials.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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