Questor Technology (CVE:QST) Trading Up 26.3% – Here’s Why

Shares of Questor Technology Inc. (CVE:QST) rose 26.3% during mid-day trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares traded hands 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.

Analyst Upgrades and Downgrades

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

Questor Technology Trading Up 26.3%

The stock’s 50 day simple moving average is C$0.47 and its two-hundred day simple moving average is C$0.48. The stock has a market capitalization of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48.

Questor Technology Company Profile

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.