Questor Technology (CVE:QST) Sets New 52-Week Low – Should You Sell?

Questor Technology Inc. (CVE:QST) hit a new 52-week low on Friday . The company traded as low as C$0.25 and last traded at C$0.25, with a volume of 36051 shares trading hands. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

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

Questor Technology Price Performance

The company has a current ratio of 3.01, a quick ratio of 5.48 and a debt-to-equity ratio of 4.09. The business has a 50-day moving average price of C$0.31 and a two-hundred day moving average price of C$0.36. The firm has a market capitalization of C$7.08 million, a price-to-earnings ratio of -3.31 and a beta of -0.07.

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.