Questor Technology (CVE:QST) Trading 26.3% Higher – Should You Buy?

Shares of Questor Technology Inc. (CVE:QST) shot up 26.3% during mid-day trading on Tuesday . The company traded as high as C$0.48 and last traded at C$0.48. 163,000 shares changed hands during trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

A number of research firms recently issued reports on QST. Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Acumen Capital lifted their target price 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 Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and boosted their target price for the company 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Performance

The company has a market cap of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51. The firm has a 50 day moving average of C$0.47 and a 200-day moving average of C$0.48. The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65.

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.