Questor Technology (CVE:QST) Stock Price Up 26.3% – Should You Buy?

Questor Technology Inc. (CVE:QST) rose 26.3% on Wednesday . The stock traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares were traded during mid-day trading, an increase of 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QST. Acumen Capital lifted their price objective on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. ATB Capital raised Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their price target for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Finally, Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$0.80.

Questor Technology Trading Up 26.3%

The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62. The business has a fifty day simple moving average of C$0.47 and a 200 day simple moving average of C$0.48. The stock has a market cap of C$13.22 million, a price-to-earnings ratio of -8.00 and a beta of 0.51.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.