Questor Technology (CVE:QST) Stock Price Down 17.4% – Here’s Why

Questor Technology Inc. (CVE:QST)’s stock price was down 17.4% during mid-day trading on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares were traded during mid-day trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Upgrades and Downgrades

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

Questor Technology Stock Down 17.4%

The company has a 50 day moving average of C$0.55 and a 200-day moving average of C$0.48. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48. The company has a market cap of C$10.46 million, a P/E ratio of -12.67 and a beta of 0.74.

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.