Questor Technology (CVE:QST) Trading Up 26.3% – Still a Buy?

Questor Technology Inc. (CVE:QST)’s stock price traded up 26.3% during mid-day trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. 163,000 shares were traded during mid-day 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

QST has been the subject of several research analyst reports. ATB Capital raised Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their target price for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Questor Technology presently has an average rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Trading Up 26.3%

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 firm has a 50-day moving average of C$0.47 and a 200-day moving average of C$0.48. The firm has a market capitalization of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51.

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.