Questor Technology (CVE:QST) Trading 26.3% Higher – Here’s What Happened

Questor Technology Inc. (CVE:QST) shares were up 26.3% 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 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

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

Questor Technology Price Performance

The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51. The stock has a 50-day moving average price of C$0.47 and a 200 day moving average price of 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.