Quest Resource (NASDAQ:QRHC) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.21 and traded as high as $1.5899. Quest Resource shares last traded at $1.39, with a volume of 19,946 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on QRHC shares. Weiss Ratings downgraded Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Zacks Research cut shares of Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus target price of $2.25.

Quest Resource Trading Up 0.7%

The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $29.29 million, a P/E ratio of -4.09 and a beta of 0.23. The company’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $1.57.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. The business had revenue of $61.73 million during the quarter, compared to the consensus estimate of $62.21 million. Research analysts predict that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Quest Resource

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Quest Resource by 36.5% during the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after purchasing an additional 4,104 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Quest Resource by 22.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,647 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Quest Resource in the second quarter valued at about $50,000. Jane Street Group LLC bought a new position in Quest Resource in the second quarter worth about $125,000. Finally, Mink Brook Asset Management LLC bought a new position in Quest Resource in the second quarter worth about $405,000. Institutional investors own 48.16% of the company’s stock.

About Quest Resource

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.