Questor Technology (CVE:QST) Shares Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST)’s stock price was up 26.3% during trading on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares traded hands during mid-day trading, an increase of 432% from the average daily volume of 30,655 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

Several equities analysts have commented on QST shares. ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their target price for the stock from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Acumen Capital boosted their price objective on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Questor Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Stock Performance

The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62. The company has a market cap of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51. The company’s 50 day moving average price is C$0.48 and its 200-day moving average price is C$0.48.

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.