Quest Resource (NASDAQ:QRHC) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.26 and traded as high as $1.55. Quest Resource shares last traded at $1.33, with a volume of 24,640 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings downgraded Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Zacks Research raised Quest Resource from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $2.25.

Quest Resource Stock Up 0.8%

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 firm’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.48. The stock has a market cap of $28.02 million, a P/E ratio of -3.91 and a beta of 0.18.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position 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 buying an additional 4,104 shares during the period. Qube Research & Technologies Ltd bought a new position in Quest Resource in the second quarter valued at approximately $50,000. Jane Street Group LLC grew its holdings in Quest Resource by 91.4% during the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after acquiring an additional 13,004 shares during the period. Greenhaven Road Investment Management L.P. raised its position in shares of Quest Resource by 137.2% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 17,801 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Quest Resource by 22.8% in the 1st 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 period. 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.