Quest Resource (NASDAQ:QRHC) Shares Pass Below 200-Day Moving Average – Should You Sell?

Quest Resource Holding Co. (NASDAQ:QRHC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.75 and traded as low as $7.89. Quest Resource shares last traded at $7.95, with a volume of 50,649 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on QRHC. Craig Hallum dropped their price objective on Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded Quest Resource from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Northland Securities assumed coverage on Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 target price on the stock.

Quest Resource Stock Down 0.3 %

The firm has a fifty day moving average price of $8.42 and a 200 day moving average price of $8.75. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.08. The company has a market cap of $161.03 million, a P/E ratio of -28.39, a PEG ratio of 1.95 and a beta of 0.65.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $73.15 million during the quarter, compared to the consensus estimate of $76.50 million. Quest Resource had a negative net margin of 2.29% and a positive return on equity of 5.61%. Equities research analysts forecast that Quest Resource Holding Co. will post 0.28 earnings per share for the current year.

Insider Activity at Quest Resource

In related news, COO David P. Sweitzer sold 22,593 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total value of $180,744.00. Following the transaction, the chief operating officer now owns 8,511 shares in the company, valued at $68,088. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Quest Resource

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Quest Resource by 453.5% in the first quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock valued at $158,000 after buying an additional 15,115 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Quest Resource in the second quarter valued at about $34,000. Rhumbline Advisers acquired a new position in Quest Resource in the second quarter valued at about $145,000. Evernest Financial Advisors LLC acquired a new position in Quest Resource in the third quarter valued at about $260,000. Finally, Privium Fund Management B.V. lifted its stake in Quest Resource by 72.6% in the second quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock valued at $168,000 after buying an additional 7,950 shares during the period. Institutional investors 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.