Quest Resource (NASDAQ:QRHC) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Wednesday.

Separately, HC Wainwright set a $5.00 target price on Quest Resource and gave the stock a “buy” rating in a report on Wednesday, November 15th.

Shares of Quest Resource (NASDAQ:QRHC) traded up $0.08 during trading hours on Wednesday, reaching $2.43. The company’s stock had a trading volume of 48,614 shares, compared to its average volume of 51,800. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a market cap of $35.15, a PE ratio of -6.57, a PEG ratio of 7.67 and a beta of 3.23. Quest Resource has a 52-week low of $1.03 and a 52-week high of $3.00.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Tuesday, November 14th. The business services provider reported ($0.07) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The business had revenue of $31.93 million during the quarter, compared to the consensus estimate of $33.77 million. Quest Resource had a negative return on equity of 8.57% and a negative net margin of 3.47%. equities analysts anticipate that Quest Resource will post -0.34 EPS for the current year.

In related news, Director Mitchell A. Saltz sold 26,852 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1.96, for a total value of $52,629.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mitchell A. Saltz sold 150,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $1.93, for a total transaction of $289,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 341,720 shares of company stock valued at $675,896 in the last three months. Company insiders own 50.15% of the company’s stock.

An institutional investor recently raised its position in Quest Resource stock. Renaissance Technologies LLC boosted its holdings in Quest Resource Holding Corp (NASDAQ:QRHC) by 27.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,151 shares of the business services provider’s stock after buying 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 currently owned by institutional investors and hedge funds.

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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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