Questor Technology (CVE:QST) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Questor Technology Inc. (CVE:QST) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.30 and traded as low as C$0.24. Questor Technology shares last traded at C$0.24, with a volume of 7,000 shares trading hands.

Wall Street Analyst Weigh In

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

Questor Technology Trading Down 5.9%

The company has a debt-to-equity ratio of 4.09, a current ratio of 3.01 and a quick ratio of 5.48. The business’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.35. The firm has a market capitalization of C$6.67 million, a price-to-earnings ratio of -3.12 and a beta of -0.07.

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