Questor Technology (CVE:QST) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Questor Technology Inc. (CVE:QST) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.53 and traded as low as C$0.39. Questor Technology shares last traded at C$0.39, with a volume of 17,059 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Acumen Capital raised their price objective on shares of Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. Atb Cap Markets raised Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Finally, ATB Capital raised Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their price objective for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Price Performance

The business has a 50 day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.48. The firm has a market capitalization of C$10.74 million, a P/E ratio of -13.00 and a beta of 0.74. The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62.

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.