Questor Technology (CVE:QST) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Questor Technology Inc. (CVE:QST) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.28 and traded as low as C$0.20. Questor Technology shares last traded at C$0.28, with a volume of 127,140 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QST shares. ATB Cormark Capital Markets cut shares of Questor Technology from a “speculative buy” rating to a “sector perform” rating and decreased their price target for the stock from C$0.60 to C$0.45 in a research report on Wednesday, April 22nd. Acumen Capital decreased their price objective on shares of Questor Technology from C$0.75 to C$0.55 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$0.50.

Questor Technology Stock Up 1.8%

The company has a current ratio of 3.01, a quick ratio of 5.47 and a debt-to-equity ratio of 4.09. The stock has a 50-day simple moving average of C$0.28 and a 200-day simple moving average of C$0.33. The company has a market cap of C$7.92 million, a price-to-earnings ratio of -3.70 and a beta of -0.09.

Insider Activity at Questor Technology

In related news, Director Paul Huizinga purchased 100,000 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought at an average cost of C$0.29 per share, for a total transaction of C$29,000.00. Following the transaction, the director owned 120,000 shares of the company’s stock, valued at C$34,800. This represents a 500.00% increase in their ownership of the stock. In the last 90 days, insiders have bought 194,055 shares of company stock worth $53,729. 19.19% of the stock is currently owned by insiders.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.